Egypt’s coffee stock enough for less than one month due to shortage of supply

Newspaper Title: https://www.egypttoday.com/

Newspaper Number:

Thursday - 25 August 2022

CAIRO – 25 August 2022: Egypt’s coffee stock is sufficient for less than one month as the country was affected by Brazil’s shortage of supply, said Head of the Coffee Division at Cairo's Chamber of Commerce Hassan Fawzy in remarks to Sky News Arabiya on Thursday.

Coffee plantations in Brazil, one of the largest coffee producers in the world, was affected by a severe wave of frost last year and caused damage and loss to a largest number of farms, causing a soaring in coffee prices.

Prices of coffee in Egypt went up also for the lack of the global crops, the delay in shipping, and the high prices of shipments by importers, Fawzy added.

Egypt imported unroasted coffee at a cost of $84.5 million during the first 8 months of 2021, according to official statistics issued by the Central Agency for Public Mobilization and Statistics (CAPMAS)

Egypt is one of the coffee importing countries, as the coffee cultivation methodology recently entered Egypt, specifically in 2017, in order to achieve self-sufficiency, after spending LE 2.3 billion annually on importing coffee beans from abroad.