Egypt: 20% rise in coffee prices, expectations of 30% increase in consumption with the advent of winter

Hassan Fawzy, head of the coffee division at the Cairo Chamber of Commerce, revealed that coffee prices have increased by about 20% during the current period, explaining that this is due to climatic changes in some producing countries, especially in light of the climate’s impact on the crop of Brazil and India, where bad weather caused trees to fall. yield deterioration. In exclusive statements to Amwal Al-Ghad, he pointed out that consumption increased by about 20% as a result of increased demands from consumers, coffee kiosks and take-away carts, adding that coffee consumption increased by 30% during the winter compared to summer in light of the decline in temperature and the increase in demand for coffee. Fawzy pointed out that Egypt consumes 100% of its coffee needs, as the consumption rate reaches 65,000 tons annually, noting that prices have risen to range between 2,500 and 6,000 pounds per ton. The revenues of the coffee market in Egypt witnessed a slight decline during ...