The head of the Federation of Restaurants, Cafes and Catering Fahd Al-Arbash confirmed that the coffee supply to Kuwait is safe from the effects of the damage to the coffee crop in Brazil, and that the change in the prices of Kuwaiti imports did not witness an impressive increase during the past days.
Al-Arbash told a local Arabic daily that, “The majority of coffee supplies to Kuwait come from India, and therefore the changes brought about by the Brazilian crop crisis will not cast a shadow over Kuwait, as the supplier to us is entirely another country.”
Al-Arbash pointed out that the majority of Kuwaiti companies working in the field, especially the major companies, have sufficient stocks for a period ranging between 6-7 months, which means that the currently available stock will cover the demand in the local market in Kuwait until the production of the next crop early next year.
Al-Arbash explained that the increases that occurred due to the decline in the global supply of Brazilian coffee and the increase in demand for the production of other countries to compensate for the loss, left a very small impact on the price of a ton, which witnessed an increase in some suppliers ranging between 20 and 30 dollars, which constitutes only about 0.5% of the price current, which means that there is little effect.
It is worth noting that the volume of Kuwait’s imports of coffee, tea, mate, spices and avocados amounted to 67.6 million dinars during 2021, a slight increase from 2020, when the volume of Kuwait’s imports of these products amounted to 66.03 million dinars.