Ethiopian Airlines (ET) has offered a discount to Ethiopian Horticulture Exporters using its cargo service, Addis Fortune reported.
Cargo prices will be reduced from the previous rates starting from December 1, 2015, by three to six percent, a reduction by six to 10 US cents based on the total volume sent.
Zelalem Messele, Chairperson of the Ethiopian Horticulture Producer Exporters Association (EHPEA), said the price reduction came following a request from a steering committee on the side of the Association and the Ethiopian Horticulture Development Agency, EHDA.
Horticulture, Ethiopia’s fifth biggest foreign currency earner represented about 10 percent (over 245 million dollars) of the country in the year 2013/14, according to EHDA. Nevertheless, it is now suffering from the diminishing value of Euro. A change seen in value of Euro directly affects the exporters in the sector because Europe is Ethiopia’s biggest destination for horticulture exports.
Ethiopian conducts two flower laden cargo flights to Europe daily. Each cargo carries 85 tons of flowers. Currently, the 120 Ethiopian flower exporters collectively pay less 218,336 Birr each day and less 6.55 million Birr every month.
The discount also came along with Jet fuel reduction. Jet fuel was sold at 2.48 dollars a gallon in August 2014 but now costs 1.39 dollars, almost half of what it used to cost.
Source: Addis Fortune
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