World Bulletin / News Desk
Ethiopia's coffee exports have declined in the last ten months, the Ethiopian Trade Ministry said on Friday.
In a report, the ministry said that Addis Ababa had exported 136,000 tons of coffee worth $489.28 in the last ten months, compared to $576.819 in the same period last year.
According to the trade ministry, coffee exports declined by 8.79 percent and revenues by 15.8 percent in the last ten months compared to the same period of 2013.
The ministry cited power disruption, delay in business deals and market price fluctuation for the decrease in coffee exports.
Ethiopia is a major exporter of coffee in Africa.
Ethiopian coffee exports account for around 3 percent of the global coffee market.
The biggest market for Ethiopian coffee is Germany, which imported $95.75 worth coffee during the last ten months, according to the ministry report.
Saudi Arabia was the second largest market for Ethiopian coffee followed by the United States, Belgium, Sudan and Britain.
Volatility of Turkish lira and recovering oil prices are key issues for revision of inflation forecast
Gross domestic product expanded in the third quarter of the year, although slightly weaker compared with growth of 0.7 percent in the three months to the end of June, when Britain voted in a referendum for Brexit.
Binali Yildirım touts Turkey's strong, stable political administration, saying it will offer incentives for investment
Ministers meet in Ankara to discuss boosting trade volume from $10 billion to $30 billion
The 3 countries are agreed to expand scope of free trade deals by 2017, says Turkish economy minister
Under current conditions, the IEA expects global output to exceed demand until the second half of 2017, Fatih Birol told journalists on the sidelines of an energy conference in Singapore.
The decision comes as the steel arm of the sprawling $100 billion conglomerate struggles to offload its loss-making British assets while its carmaking business continues to be plagued by weak sales.
Water quality and shortages also remain threat to health of many with onset of diseases
Bank expects ‘solid rise in energy prices, led by oil' next year
Bank of Uganda Governor Emmanuel Tumusiime-Mutebile said in a statement the bank would remain open, continue to operate normally and that the central bank would protect deposits.
Four presidents meet, but hopes of diplomatic breakthrough for cease-fire in eastern Ukraine remain low
Having taken years to negotiate, some producers voiced impatience for the deal to now be finally sealed; others simply fail to see why anyone would reject it.
"The value of this project will be $10 billion with a final production level of 600,000 barrels of oil per day," he said in Tehran.
Bangladesh has been one of the worst victims of global warming, with thousands of people being killed by cyclones in recent years that have become more frequent and deadlier.
Exporting Israeli gas via Turkey to Europe is viable option, says Israeli Energy Minister
French energy group EDF views Turkey as 'growth country' with more room for nuclear, renewable and hydro projects, VP says