Sawt Beirut International (SBI) reporter Sarah Chehadeh conveyed what was happening in front of a coffee shop in Saida, showing citizens rushing to buy coffee after they heard that the price of one kilogram of coffee will exceed 100,000 LBP.
Coffee shop owner told SBI that they are witnessing an unprecedented demand on coffee. Rumors about a surge in the price of one kilogram of coffee to 100,000 LBP pushed citizens to purchase the commodity in large quantities in order to store them.
In fact, the price of coffee has increased globally, but not as people think. People are purchasing coffee either to store it in their houses, or to obtain some of it before its prices skyrocket.
The shop owner said that they are still selling at the old prices which is 52,000 LBP for each kilogram. However, “we are not selling more than one kilogram for each customer to be able to meet the demand of all our customers and satisfy them,” he said.
The price of a ton of coffee has surged to $300 globally. However, the shop owner said that the market has not been affected by these prices so far.
A citizen said, “The economic crisis will deprive us from drinking coffee, and this is unacceptable.” Another citizen said: “We will be seeing more queues in the near future, and this will not be restricted to coffee, and gasoline.” “We are unfortunate about what is the country going through, let the officials be ashamed of themselves,” he said.