Ethopia: Gov’t imports 50 million liters of cooking oil, 200,000 quintals of sugar to tame surging prices ahead of Ethiopian New Year

Addis Abeba – To address the rising prices observed in various markets across Ethiopia, the government has announced the importation of 50 million liters of edible oil.

In a briefing on 26 August, 2024, Kassahun Gofe, State Minister for Trade and Regional Integration, stated that the cooking oil is being transported via the Ethio-Djibouti Railway and by trucks.

According to Kassahun, this essential commodity has been primarily procured by the government to “improve the…