Agency purchases grain worth over 2.3 bln birr in six moths

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Addis Ababa, 3 March 2014 (WIC) - The Ethiopian Grain Trade Enterprise (EGTE) said it has purchased grain and coffee worth over 2.3 billion birr from domestic and international markets in the first half of this budget year.

Agency General Manager, Berhane Haile, told WIC that more than 3.8 million quintals of grains and coffee, including wheat were procured with the stated sum to stabilize the market.

Berhane said the amount of grain and money spent to buy it surpassed the target by more than 1.8 million quintals and over 888.5 million birr, respectively. 
The agency has also supplied more than 4.47 million quintals of grain and coffee worth 2.75 billion birr to local and overseas markets in the reported period, he added.