Ethiopia’s Ambassador to Moscow Alemayehu Tegenu DEA News”He said the country is ready to increase coffee exports to Russia.
The diplomat’s reaction went against information from the National Technology Initiative’s FoodNet working group that there were problems with the coffee harvest in Latin America and Asia. Analysts have allowed prices to rise as much as 30%.
“We are doing well, coffee production continues. Ethiopian producers are ready to supply coffee to any country,” he said.
He added that if there is a demand from Russia, Ethiopia will smoothly increase the volume of coffee supply.
Commenting on the FoodNet data, Ramaz Chanturia, General Manager of Roschaykofe Association did not agree With an estimation of a 30% increase in coffee prices in Russia due to the increase in raw material exchange prices.
According to him, the exchange value of green beans in the cost of instant coffee production is only 25%. Everything else is packaging, people’s salaries, transaction costs, brand advertising, wholesale and retail margins.
Source: Gazeta
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