It's Ethiopian Coffee Harvest Time!
The heart of Ethiopia is beating stronger than ever as coffee farmers are harvesting the world’s finest beans! 🌍☕ From the lush highlands to the rich soils of Guji, Sidama, Yirgacheffe, Djimma, Harrar, and beyond, it's that magical time when the trees are full of ripe, red coffee cherries ready to be picked with care.
ECX, Coffee Authority brews new pricing system following exchange rate float
The Ethiopian Commodity Exchange (ECX) has introduced a new pricing mechanism for coffee sold on its trading floor, but exporters say the changes do not reflect the high prices erasing their margins in the domestic market.
Central bank adjusts gold purchase price, again
The central bank has done away entirely with incentives it had previously introduced in an effort to salvage rapidly declining gold supply.
Central bank revamps monetary policy
Governor Mamo Mihretu has announced a rework of the National Bank of Ethiopia’s (NBE) monetary policy, shifting from the regulator’s long held intervention-based regime to one guided by a policy interest rate.
Ethiopian Coffee Flavor Profile
The ideal higher elevations in Ethiopia certifies all of their green coffee to be labeled as Strictly High Grown (SHG) / Strictly Hard Bean (SHB).
Drop in global coffee prices forced Ethiopia to default on $133 million contracts
Ethiopian coffee exporters have defaulted on 394 coffee export contracts since October 2022. The exporters say they have no choice but to breech their contract because the international coffee price has dropped below the local price in Ethiopia, slashing the profit margin they had anticipated
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