ADDIS ABABA – Ethiopia plans to secure 1.2 billion USD from the export trade of coffee in the current fiscal year, said Umer Hussien, ministry of agriculture Minister.
The Minister Monday said attention has been given to modernize the coffee development sector and efforts are being undertaken to support the sector with technology, state run Ethiopian news agency reports.
The report says the ministry has been supporting the investors engaged in the sector to enhance coffee productivity and boost foreign currency earnings.
The country is now planning to earn 1.2 billion US dollars during the current 2021/22 Ethiopian fiscal year, Umer said.
Among agricultural export items, coffee has been taking the lion share in terms of foreign currency earnings.
A total of 927 million US Dollar revenue was secured from coffee export trade in the previous budget year, which ended on June 7, 2021.