The Coffee Division in Egypt reveals reasons for recent price increases

Published 2024년 10월 7일

Tridge summary

The article explains the recent 15% increase in global coffee prices, with Hassan Fawzy, head of the Coffee Division at the Chambers of Commerce, indicating that there are no plans for further price increases, except for shops with no stock. Current prices for plain and roasted coffee are 480 pounds and 600 pounds respectively, and the market is expected to decrease prices on the stock exchange. The article also mentions that the market is reliant on the stock exchange, as all coffee importation is unfilled.

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Original content

Written by - Dalia Al-Dhanini: Hassan Fawzy, head of the Coffee Division at the Chambers of Commerce, revealed the reasons for the rise in coffee prices, noting that global prices have witnessed a 15% increase in the recent period. Fawzy confirmed, during a phone call with the media figure Sayed Ali on the "Hadrat Al-Mowaten" program, on Al-Hadath Al-Youm channel, that the division rejects any increases in coffee prices at the present time, with the exception of shops that do not have stock, as they will have to buy at the current increase prices. He also indicated that the price of plain coffee reached 480 pounds, while the price of roasted coffee reached 600 pounds, stressing that 95% of shops sell at these prices, explaining that the coffee stock is sufficient for two months. Regarding prices, the head of the ...

Source: EGmasrawy