Also this month, Costa Rica's coffee exports fell by 57.8% compared to the same month last year, while Honduras's coffee exports have decreased by 12.2%.
Commerzbank said arabica supplies from major exporting countries remained weak in October after global coffee exports fell 3% in September. Manufacturers were reported holding stocks amid low prices. .
As of October 3, coffee exports from India, including re-exports, stood at 290,000 tons, slightly higher than last year's 289,000 tons.
The marginal increase is due to higher re-exports, at 70,201 tons compared to 68,637 tons last year.
Ethiopian coffee exports to the Chinese market are still very low compared to exports to other countries and regions, according to Xinhuanet.
Therefore, in addition to traditional markets, mainly Europe, the US and some Middle East countries, Ethiopia is currently focusing on the Chinese market to export organic coffee.
China imported about 4,000 tons of Ethiopian coffee last year while coffee imports from Ethiopia of the world's second largest economy showed an annual growth of about 16%, according to the Exporters Association. Ethiopian coffee exports.
As Ethiopian exporters were previously focused on traditional markets, the Ethiopian Coffee and Tea Development and Market Promotion Director, Tatek Girma emphasized the need to create opportunities for consumption. Consumption of coffee is increasing in China.
Ethiopia's Coffee and Tea Authority (ECTA) also encourages and provides support to exporters to promote Ethiopian coffee exports to China and other foreign markets.
The Association has also encouraged Ethiopian exporters to exploit the potential of the Chinese market. The General Director of the Association also expressed hope that China will be Ethiopia's largest coffee importer in less than 10 years.
Overcoming Ethiopia (the country that mainly produces robusta coffee) is Uganda – the largest coffee exporter in Africa.
Uganda's coffee export in the 2019/20 crop is expected to be about 16% higher than the previous period, thanks to favorable weather and expanded planted area.
James Kizito Mayanja, market information manager at the State Coffee Development Agency (UCDA), said that Uganda's coffee export volume in the 2019/20 crop could reach 5.1 million bags (type 60). kg), up from 4.4 million bags in the previous crop.
