Ethiopia changes green bean sales method


	Ethiopia changes green bean sales method

BirdBarista

11-28-2008 8:26 PM

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/ad844ff1-0d6c-4961-b288-8944b67ac13a/B331BABD-E32E-44EE-80C7-368DBB9C14B5/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.bloomberg.com/apps/news?pid=20601116&sid=amLO2CCu_SnM&refer=africa" href="http://www.bloomberg.com/apps/news?pid=20601116&sid=amLO2CCu_SnM&refer=africa" style="font-size: 11px;">www.bloomberg.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.bloomberg.com/apps/news?pid=20601116&sid=amLO2CCu_SnM&refer=africa"><P>     Nov. 28 (Bloomberg) -- <A target="_blank" href="http://www.lib.utexas.edu/maps/africa/ethiopia_pol99.jpg">Ethiopia</A>, Africa’s biggest coffee
producer, has halted daily auctions and will begin trading the
beans on the national commodity bourse from Dec. 2 to reduce
fraud and help reassure buyers of quality.     </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.bloomberg.com/apps/news?pid=20601116&sid=amLO2CCu_SnM&refer=africa"><P>Under a coffee law passed in August, the country is seeking
to regulate an industry that employs 1.2 million growers and
accounts for 35 percent of export earnings. While Ethiopia, on
the Horn of Africa, shipped $525 million of coffee abroad last
year, its beans aren’t used in setting benchmark international
prices because of inconsistent quality, Gabre-Madhin said.     </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.bloomberg.com/apps/news?pid=20601116&sid=amLO2CCu_SnM&refer=africa"><P>The <A target="_blank" href="http://www.ecx.com.et/">Ethiopia Commodity Exchange</A>, which began trading corn
and wheat this year, opened eight warehouses in growing areas and
will take control of the country’s grading and quality control
system. Traders other than large growers and co-operatives that
sell directly to international buyers will be forced to use the
bourse, exchange director <A href="http://search.bloomberg.com/search?q=Eleni+Gabre-Madhin&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1">Eleni Gabre-Madhin</A> said today.     </P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/B331BABD-E32E-44EE-80C7-368DBB9C14B5/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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