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Oilseeds, pulses and spices export revenue said encouraging
The sector which encompasses the export of oilseeds, pulses and spices registered a revenue growth of 31 percent in the first two years of the Growth and Transformation Plan (GTP) period. The amount of export of the sector, which was 539,000 tons prior to the GTP Period, grew to 608,000 tons (12 percent growth) in the second year of the GTP. During the same period revenue grew from 506.2 million USD to 663.6 million USD. “Ethiopia’s export of, in particular, oilseeds, pulses and spices is growing steadily,” said Minister of Trade, Kebede Chane. “We have a plan to earn, from annual export revenues, 10.4 billion dollars by the end of the GTP period and we are working towards that goal,” he stated. During the last budget year the nation earned 470 million dollars from the export of the best performing sub-sector; oilseeds. The ministry plans to raise the revenue to 626 million dollars in this budget year.
(The Ethiopian Herald)