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

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 ...