Ethiopia’s quarterly coffee export earnings rise 15 percent
China accounted for more than $100 million in revenue and ranked third among destinations for Ethiopian coffee, behind Saudi Arabia and Germany.
Ethiopia earned $878.5 million from coffee exports in the first quarter of its current fiscal year, up 15 percent from the corresponding quarter a year earlier, according to the Ethiopian Coffee and Tea Authority (ECTA).
The country exported more than 131,000 tonnes during the quarter. Despite the increase in earnings, the authority said the results were slightly below its projections.
Shipments to China exceeded 15,000 tonnes and brought in more than $100 million, ECTA said. China was the third-largest export destination for Ethiopian coffee, with Saudi Arabia and Germany occupying the top two positions.
Ethiopia is among Africa’s leading coffee-producing and exporting countries and is widely recognized as the birthplace of Arabica coffee.
