Ethiopian Government Trader Starts Coffee Exports, Fortune Says
By Jason McLure
(Bloomberg) — Ethiopia’s state-owned coffee broker will start trading after signing an agreement with an unidentified German company for 1,200 metric tons of the beans, Fortune reported.
The shipment will be the first by Ethiopian Grain Trade Enterprise since the East African nation seized thousands of tons of coffee from private exporters, the Addis Ababa-based newspaper said, citing Deputy General Manager Beru Lede.
The organization has also purchased 4,200 tons of coffee on the Ethiopian Commodity Exchange since it began trading last month, Fortune said.
To contact the reporter on this story: Jason McLure in Addis Ababa via Johannesburg at pmrichardson@bloomberg.net
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