Coffee manufacturers, meanwhile, had their import quota reduced and for this reason, coffee shop chains and manufacturers warned that supply is in danger.
The coffee industry must go out looking financing abroadsince what is purchased outside the quotas, established in dollars, and not in volume, compared to 2020, in the midst of the Covid-19 pandemic, has to be purchased within 180 days and nobody accepts these terms. These lines of credit are expensive or directly inaccessible and make the product more expensive.
In addition, coffee increased its price by 150% in the last year, due to weather problems that affected the harvest.
For the moment, talks are being held with the Central Bank through the Argentine Chamber of Coffee and Copal, which brings together food companies.
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Marcelo Salas, founding member of the chain Cafe Martinezwarned that the uncertainty is “total”. “The stock varies according to the different places but in general lines we have for about 60 or 70 days,” he explained. he also spoke Martin Cabraleswho warned: “Coffee may be missing in the gondolas”
“Although it is entering little by little and we give priority to our franchisees, what we need does not enter”graphic.
The companies are evaluating importing coffee from Guatemala and Honduras.
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In the local market, only the coffee beans are roasted, which are then ground and packaged by the manufacturers.
But not everything is pessimism: Martín Cabrales, a benchmark in the sector, was confident that the issue “will be resolved soon, albeit partially, because the Central Bank has to be dealt with.”
As an argument before the Government, the manufacturers maintain that coffee is a raw material, not a finished or sumptuary good.
Source: Ambito
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