{"id":8200,"date":"2014-04-11T10:35:48","date_gmt":"2014-04-11T14:35:48","guid":{"rendered":"http:\/\/www.zegabi.com\/articles\/?p=8200"},"modified":"2014-04-11T14:58:00","modified_gmt":"2014-04-11T18:58:00","slug":"ethiopias-coffee-industry-booms","status":"publish","type":"post","link":"http:\/\/www.zegabi.com\/articles\/8200","title":{"rendered":"Ethiopia’s coffee industry booms"},"content":{"rendered":"

\"\"<\/a>Since late last year, a severe drought has stunted growth on coffee plantations in the heart of Brazil’s coffee-growing region and this is reportedly stimulating a resurgence in the Ethiopian coffee industry, whose value has risen to an astonishing 17.5% in one week.<\/p>\n

Reports indicate that demand for Ethiopian coffee has risen sharply with exporters inking deals worth millions of dollars\/pounds.<\/p>\n

Just two months ago, a pound of exportable washed coffee was traded on the Ethiopian Commodity Exchange (ECX) for 1.15 dollars\/pound(0.45kgs).<\/p>\n

Despite being renowned to be one of the world’s best sources of coffee, a study<\/a> has revealed that only a meagre 1% of Ethiopia’s coffee is sold as specialty.<\/p>\n

After the drought in the coffee producing belt of Brazil, the price of coffee in the market has shown an increase of 32.5 pc in a matter of 20 days, according to ICE.<\/p>\n

This drought, which has been described as ‘historic’, has forced more than 140 cities in Brazil to ration water.<\/p>\n

Reports indicate that even before the drought began, there were concerns that a global coffee deficit was impending, according to a report by Transworld Futures LLC. The report had estimated that the amount of coffee supplied would be about five million bags lower than the amount consumed in the 2014\/2015 season.<\/p>\n

Photo\/Coffee Shrub.<\/p>\n","protected":false},"excerpt":{"rendered":"

Since late last year, a severe drought has stunted growth on coffee plantations in the heart of Brazil’s coffee-growing region and this is reportedly stimulating a resurgence in the Ethiopian coffee industry, whose value has risen to an astonishing 17.5%…<\/span> Read more ›<\/a><\/span><\/p>\n","protected":false},"author":72,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[44,1],"tags":[2473,2459,2457,2458,2460,2474,2472],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"_links":{"self":[{"href":"http:\/\/www.zegabi.com\/articles\/wp-json\/wp\/v2\/posts\/8200"}],"collection":[{"href":"http:\/\/www.zegabi.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.zegabi.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.zegabi.com\/articles\/wp-json\/wp\/v2\/users\/72"}],"replies":[{"embeddable":true,"href":"http:\/\/www.zegabi.com\/articles\/wp-json\/wp\/v2\/comments?post=8200"}],"version-history":[{"count":0,"href":"http:\/\/www.zegabi.com\/articles\/wp-json\/wp\/v2\/posts\/8200\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.zegabi.com\/articles\/wp-json\/wp\/v2\/media?parent=8200"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.zegabi.com\/articles\/wp-json\/wp\/v2\/categories?post=8200"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.zegabi.com\/articles\/wp-json\/wp\/v2\/tags?post=8200"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}