Economy

Ethiopia Earns $878.5M from Coffee Exports in First Three Months

AI SUMMARY

Ethiopia generated $878.5 million from coffee exports during the first three months of the fiscal year, achieving 85 percent of its revenue plan.

Ethiopia earned $878.5 million from coffee exports in the first three months of the fiscal year.
The Coffee and Tea Authority planned to generate $1.3 billion during this period, achieving 85 percent of the target.
The country exported 144,433 tons of coffee, exceeding the projected export target of approximately 131,000 tons.
Export performance showed an increase of 17,527 tons in volume and $115.7 million in revenue compared to the same period last year.
The top three destinations for Ethiopian coffee are Saudi Arabia, Germany, and China.