Exporter's cost of goods has more than doubled
It's often difficult to understand the direct impact surging cherry and parchment prices have on cost of goods (COG). This is why we've developed a simple calculator that estimates the exporter's cost of goods based on ETB/feresula and USD/ETB exchange rate.
In 2019 we wrote about price transparency in Ethiopia and reported that parchment traded at 1780 ETB per feresula. With an annual inflation rate of 28%, rising coffee prices and regulatory changes, the average 2021/2022 feresula prices in Ethiopia are quite different. To understand why, we suggest you read our past posts on harvest update, price development and currency and coffee.
The average cost/feresula
Farmers that process their own coffee receives market price for their parchment. In November afarmer could receive 3000 ETB/feresula but as much as 6500 in February and 9-11.000 in March.