Ethiopia's coffee bean exports pick up but face falling prices
According to the Volta Information Center on March 11, Ethiopia exported 73227 tons of coffee in the first half of fiscal year 15 (July-December 2014), with a total sales revenue of US $30.75 million, reaching 99.5 per cent and 114.3 per cent respectively. The coffee export target for this fiscal year is 235950 tons, with a total sales revenue of US $86.25 million.
The article said that the increase in coffee revenue in the first half of the fiscal year was mainly due to the rebound in export prices, but international coffee prices fluctuated greatly. since January this year, international coffee prices began to decline, reaching 163.6 cents / lb in early February and 137.6 cents / lb in early March. Ethiopia's Ministry of Industry expects the price to further fall to 137.6 cents / lb, so it proposes that the government should establish an export subsidy mechanism. The article said that the international price of coffee is not determined by supply and demand, but more by politics and other factors.
It is reported that Ethiopia's coffee production ranks fifth in the world, accounting for 4.5% of the world's coffee supply, followed by Brazil, Indonesia, Vietnam and Colombia, accounting for 34.5%, 8.75%, 7.99% and 7.17% of the global coffee supply, respectively.
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The amount of tea imported from the United States exceeds that of the United Kingdom for the first time, and coffee consumption is relatively reduced.
According to Cameroon's tax law, everyone's known and traceable income is subject to income tax. The 23rd session of the National Council of Cocoa and Coffee (National Cocoa and Coffee Board, referred to as CICC) held in Yaound é on March 12 revealed that the government intends to impose income tax on cocoa and coffee producers. It is reported that the above tax plan has been in place since 2013.
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Brazilian Coffee Cooperative predicts that coffee production will fall by half in 2015
Sao Paulo, March 17 (Reporter Wang Zhengrun Xunwei) COCAPEC, the third largest coffee cooperative in Brazil, predicts that coffee production by its members will drop by half in 2015. COCAPEC said the decline in coffee was mainly due to severe drought and the superposition of coffee production in a small year. The output of coffee trees has a cycle every two years, with high yield in one year and low yield the next year. COCAPEC Coffee Cooperative
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