Ethiopian coffee exports showed an upswing of 21.78% over the past fiscal year, according to the country’s Coffee and Tea Development and Marketing Authority. The Ethiopian Herald reported that 137,417.28 tons of cereal coffee was exported from July 2017 to February 2018, and the nation has been able to generate $481.86 million USD. Deputy Director of the Authority and Marketing Head, Sahi Umer, said The Authority has steadily created different opportunities following reforms in 2016 for farmers, suppliers, exporters, and industries that led to improved export performance. Ethiopian coffee represents about 1% of coffee imports through the port of Houston.
Coffee-makers are busily brewing in American kitchens as more consumers are drinking a daily cup of coffee in 2018 than in the previous six years. According to a survey commissioned by the National Coffee Association (NCA), 64% of Americans age 18 or over indicated they had a cup of coffee the previous day in 2018. This compares with 62% in 2017 and approximates to the level last recorded in 2012. Gourmet coffee consumption stayed near 2017 levels, still popular with younger consumers, with 48% of millennials enjoying a cup the day before. The daily coffee consumption survey results are part of the NCA National Coffee Drinking Trends report shared recently at their annual conference.
Harris County Appraisal District (HCAD) representatives visited with Coffee Association members on February 6, 2018, to explain how importers can benefit from Harris County’s green coffee tax exemption.
The United States Department of Agriculture (USDA) released its biannual market and trade report on the coffee industry on December 15, 2017. The USDA forecasts that world coffee production for 2017/18 will be 600,000 bags lower than the previous year.
The U.S., the world’s second-largest coffee bean importer, is forecast to decrease total imports by 800,000 bags, for a total of 25.0 million bags.