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بوابة الشروق
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Alexandria Coffee Dept on Rising Prices
Mustafa El-Sheikh, head of the Coffee Division in Alexandria, stated that the rise in coffee prices is due to increased demand and the influence of global markets on prices, as the international coffee exchange controls the global coffee prices. He expects local prices to increase by up to 15% in the upcoming period, driven by the rising dollar exchange rate and shipping costs. He also pointed out that there are regulatory efforts to combat coffee fraud, emphasizing that the quality of coffee in Egypt is good and aligns with standards, despite challenges related to the speed of monitoring. Globally, coffee prices have surged, with the futures prices for Robusta coffee on the London Exchange increasing by amounts ranging from $62 to $90 per ton, and it is expected that the upward trend will continue in the domestic market.
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