Who is the CEO of ECX Ethiopia?
Ethiopia’s Commodity Exchange (ECX) Appoints New CEO Addis Ababa, February 28, 2025 (ABN) The Board of Directors of the Ethiopian Commodity Exchange (ECX) has appointed Mr. Mergia Baisa as the new Chief Executive Officer (CEO) of the organization. The ECX is set up as a private company owned by a partnership of the market actors, members of the exchange, and the Ethiopian government, led by Eleni Gebre Medhin a former economist for the International Food Policy Research Institute and the World Bank.
Who is the owner of EBS in Ethiopia?
Congratulations to our very own EBS TV CEO Amman Fissehazion on being honored with the Outstanding Business Award by the Ethiopian American Chamber of Commerce! EBS emerged from the Nigeria Broadcasting Corporation, initially established to meet the information and enlightenment needs of the mid-West Region. EBS evolved through various names, adopting Radio Bendel in 1978 as the Federal Military Government handed over its NBC stations.Ethiopian Broadcasting Service (EBS TV) is an Ethiopian free to air television network. Launched in 2008, the network is based in Ethiopia with correspondents both in United States at its headquarters in Silver Spring, Maryland, U. S.
Who is the largest importer of Ethiopian coffee?
He emphasized the significance of coffee in Ethiopian culture and its role in connecting people globally. Recent data shows that China has become the largest importer of Ethiopian coffee, with flavors ranging from winy to fruity and chocolaty. Ethiopia is the world’s fifth largest producer of coffee, and Africa’s top producer, with 496,200 tonnes in 2022. Over 4 million small-scale farmers produce coffee. Half of the coffee is consumed by Ethiopians, and the country leads the continent in domestic consumption.High-Quality Standards: The meticulous process of handpicking, sun-drying, and natural processing contributes to its exceptional taste but also adds to the cost. Limited Yields: Unlike mass-producing coffee nations, Ethiopia’s production is smaller in scale, making its coffee a rare and valuable commodity.In 2023, the main destinations of Ethiopia’s Coffee exports were: Saudi Arabia ($233M), United States ($158M), China ($125M), South Korea ($112M), and Germany ($97. M). The fastest growing markets for Coffee exports from Ethiopia between 2022 and 2023 were: Saudi Arabia ($26. M), Sudan ($10. M), and Canada ($10M).The United States is the largest importer of coffee in the world — and the demand for high-quality, globally sourced coffee continues to grow. Whether you’re an established distributor or a retailer looking to expand your product range, importing coffee into the U. S.
How much is coffee traded?
Coffee trading is the buying and selling of securities related to the commodity of coffee. The coffee market was worth $495. Statista figures and is likely to grow by 4. In the US, McDonald’s uses 100% Arabica coffee beans. Arabica beans are typically sweeter with a softer, fruitier taste than Robusta beans. Most super market coffee is made from Robusta beans. Arabica beans are a little more difficult to grow and are typically more expensive than Robusta beans.Arabica Coffee trading can be beneficial and profitable but it does not exclude some drawbacks. Volatility: Coffee trading is known for its high volatility, meaning that prices can fluctuate rapidly.One thing to note is despite the association with Arabica of being higher quality, and Robusta as being lower quality, it’s not always the case. Top notch specialty Robusta coffee will usually taste as good as or better than low end Arabica. However, high end Robusta isn’t widely used or available.How the price of coffee is determined on the stock exchange. On international markets, Arabica coffee is mainly traded on the ICE Futures US (Intercontinental Exchange) based in New York, while Robusta is traded on the London International Financial Futures and Options Exchange (LIFFE).