Will Egypt see coffee price hikes
The text explains the recent increases in global coffee prices, highlighting that climate changes and declining inventories in Brazil, the largest producer, play a major role. It also clarifies that a 20% rise in global prices does not immediately lead to a similar increase in the Egyptian market due to factors such as the dollar exchange rate, shipping costs, and storage expenses. The impact of price hikes appears gradually as inventories are depleted and new quantities are purchased at higher prices. Additionally, price fluctuations affect traders differently depending on their policies and expectations.
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