The Egyptian Chairman of the Coffee Mills Committee confirms global supply shortage due to crop damage in Colombia and Vietnam as a result of frost

Published Dec 29, 2021

Tridge summary

The article explains the significant increase in coffee prices globally, attributing the cause to a combination of factors, including extreme weather conditions such as frost in coffee-producing countries like Colombia and Vietnam, which have resulted in crop damage and reduced production. The damage to coffee trees takes several years to repair, exacerbating the problem. Other elements contributing to the price hike include logistical issues in shipping containers and high transport costs, as well as changes in the global market structure and consumption patterns. The situation is further aggravated by environmental challenges in Brazil's coffee plantations, with two-thirds of the trees injured, which is expected to result in a significant decrease in the country's Arabica crop in the next 12 years.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Members of the Coffee Mill Owners and Traders Committee at the Egyptian Chamber of Commerce in Alexandria confirmed the decline in the quantities offered in the international markets due to several reasons that contributed to the rise in coffee prices, including a wave of frost that hit some producing countries such as Colombia and Vietnam and led to crop damage and damage to those crops. Mustafa Al-Sheikh, Chairman of the Board of Directors of the Committee of Coffee Mill Owners and Merchants in the Egyptian Chamber of Commerce in Alexandria, stressed that there is a crazy rise in prices for coffee, which is the result of a decline in the quantities of global supply, as the price is determined according to the rules of the free market by the mechanisms of supply and demand. He added that there are many coffee-producing countries around the world that lie above the equator, starting with Mexico, Brazil, Colombia and Uruguay, pointing out that there are countries that cultivate it ...

Source: Almalnews