Human hair and Wigs price in Ethiopia. Daily rent of human hair in Addis Ababa reached 5000 Birr! The cost of artificial hair wigs has increased.
“In the past, we gave exaggerated price points to buy oil seeds or pulses since we would take the foreign currency to import commodities and make a profit from it, but now the government takes 70 percent of the hard currency from export earnings and partner banks take 10 percent.
So doing trade with 20 percent of the hard currency is not feasible, because of that exporters shall only target profits from export trade meaning they buy the product at reasonable price points at the trading platform or contract farming deals,” exporters said. The new product has been produced this harvest season and is getting into the market from Mid-October.
Experts said that the result of the new decision of MoTRI will be seen shortly. Experts say that despite the challenge in the northern part of Ethiopia, which is a major source of oilseeds particularly for the high-quality sesame seeds, the harvest is expected to be higher.
Experts stated that currency traders are heavily involved in contract farming to access commodities instead of using the trading floor of ECX. MoTRI noted that exporters who use contract farming schemes must pass through ECX for quality testing and grading, even though the harvest of pulses is expected to be impressive this season.
