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July 24, 2007

Ethiopian flower revenues up three-fold

The foreign currency coffee exports fetched for Ethiopia in the budget year ended July 7 constituted thirty-six percent of the total amount earned.

Export of oilseeds, the second major foreign currency earner, experienced an eleven percent decline over the previous year. This commodity fetched slightly over $188 million in the 2006/07 fiscal year, compared to $210 million the previous year.

Revenues earned from flower exports picked up by over three-fold versus that of the preceding year.

The detailed report of the export of 2006/07 is expected to be released this week.

Ethiopian Reporter

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