Saudis Spend $266 Mn on Instant Coffee

Saudi Arabia continues its efforts to encourage local coffee cultivation and production. (Asharq Al-Awsat)
Saudi Arabia continues its efforts to encourage local coffee cultivation and production. (Asharq Al-Awsat)
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Saudis Spend $266 Mn on Instant Coffee

Saudi Arabia continues its efforts to encourage local coffee cultivation and production. (Asharq Al-Awsat)
Saudi Arabia continues its efforts to encourage local coffee cultivation and production. (Asharq Al-Awsat)

Saudis spend over $266 million on instant coffee, as the government attempts to convert 13 provinces in the country into a source of coffee production, according to a new report.

The Saudi Ministry of Environment, Water and Agriculture aims to benefit from the southwestern region, which enjoys an environment capable of cultivating coffee, as a vital source for coffee production, especially Khawlani coffee beans, known for their high quality.

The initiative aims to increase local coffee production to support the national economy in accordance with the objectives of Vision 2030.

The Saudi Press Agency (SPA) reported that farmers in the southwestern region began collecting the Khawlani coffee crop.

Based on recent figures, the local production of Arabica coffee in the Jazan, al-Baha and Asir regions has reached 1,810 tons annually, and about 350 tons of pure coffee.

There are about 2,535 coffee farms boasting 398,000 coffee trees.

The Jazan region is home to more than 1,985 farms containing 340,000 coffee trees that produce about 1,320 tons annually and 785 tons of pure coffee after peeling. The area also hosts an annual festival for its products.

Coffee farms in the Asir region are about 300 and contain 40,000 trees that produce 200 tons of coffee, and 100 tons of pure coffee after peeling.

Baha estates produce 20 tons of pure coffee from over 250 farms that contain 18,000 trees.

The report indicated that the Kingdom is among the world's top coffee consumers. The Saudi market imports about 73,000 tons annually.

The Ministry of Environment, Water and Agriculture has established a coffee research unit at the Agricultural Research Center in the Jazan region.

The unit aims to address issues and concerns of coffee producers, identify obstacles, and provide integrated solutions through seminars about coffee beans and their production.



Iraq, Saudi, Russia Stress Need for Stable Oil Market ahead of OPEC+ Meeting

A 3D printed oil pump jack is seen in front of displayed stock graph and Opec logo in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic/Illustration
A 3D printed oil pump jack is seen in front of displayed stock graph and Opec logo in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic/Illustration
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Iraq, Saudi, Russia Stress Need for Stable Oil Market ahead of OPEC+ Meeting

A 3D printed oil pump jack is seen in front of displayed stock graph and Opec logo in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic/Illustration
A 3D printed oil pump jack is seen in front of displayed stock graph and Opec logo in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic/Illustration

OPEC+ members Iraq, Saudi Arabia and Russia agreed in a meeting in Iraq on Tuesday on the importance of maintaining stable oil markets and fair prices, Iraq's Prime Minister Office said on Tuesday.

The talks come ahead of Sunday's meeting of OPEC+, which comprises the Organization of the Petroleum Exporting Countries (OPEC) and allies led by Russia, where OPEC+ sources say it will weigh a possible further delay to plans to raise oil output.

Iraqi Prime Minister Mohammed Shia al-Sudani, Saudi Arabian Energy Minister Prince Abdulaziz bin Salman, and Russian Deputy Prime Minister Alexander Novak attended the meeting.

They discussed "the conditions of global energy markets and matters related to the production of crude oil, its flow to markets, and meeting demand," the prime minister's office said, Reuters reported.

"The importance of maintaining stability, balance, and fair prices was emphasised, while stressing the vital role played by the OPEC+ group in this regard," the office added.

Russian energy minister Sergei Tsivilev and deputy energy minister Pavel Sorokin were also present, according to a photo posted on the X account of the Iraqi prime minister's media office.

OPEC+, which pumps around half the world's oil, has already delayed a plan to gradually lift production by several months this year because of falling prices, weak demand and rising production outside the group.

Despite OPEC+'s cuts and delays to output hikes, oil prices have mostly stayed in a $70-$80 per barrel range this year and on Tuesday were trading below $74 a barrel, not far above a 2024 low reached in September.

Azerbaijan's Energy Minister Parviz Shahbazov told Reuters on Monday OPEC+ may at Sunday's meeting consider leaving its current oil output cuts in place from Jan. 1. The meeting will be held online, OPEC+ sources said.