Ethiopia’s coffee sector under pressure as global prices fall

Report by Tom Canetti and Bastien Renouil for France 24 Ethiopia’s coffee sector is going through a difficult period after losing nearly a third of its value in recent months. The decline is largely driven by record exports from Brazil, another major global coffee producer, which have pushed international prices down and weakened Ethiopia’s leading source of foreign currency. Ethiopian coffee, the country’s top export, is facing mounting pressure as global prices fall. While Ethiopian authorities have celebrated record export volumes, the price decline has significantly reduced export revenues, putting strain on the country’s economy and its key foreign exchange… The post Ethiopia’s coffee sector under pressure as global prices fall appeared first on Ethiopia Observer .

Original source: Ethiopia Observer