The Ethiopian Coffee and Tea Authority (ECTA) said on Tuesday in a statement that the export has shown a 7.5 percent year-on-year increase.
“The annual performance was boosted by a record high coffee shipped to the international market in the last month of Ethiopian 2023/24 fiscal year that ended on Sunday,” ECTA said.
The authority disclosed that the country exported 46,000 tons of coffee in June 2024, achieving 108 percent of its target for the month.
“This marked a significant milestone for the sector, achieving a record high volume ever generating $218 million (107percent),” the sector regulator said.
The export has brought the annual volume of coffee shipped to the global market to 298,500 tons, resulting in $1.43 billion revenue for the fiscal year 2023/24.
“Compared to the previous year, the volume has increased by 20 percent and the value has risen by 7.5percent,”the authority stated.
Ethiopia’s coffee, originating from the region where Arabica coffee was first discovered, is praised for its distinctive flavors ranging from fruity and winy to chocolaty.
MG/abj/APA