On Monday, the Dubai Multi Commodities Centre (DMCC) said that it had a discussion with several major coffee trading houses to bring their business to its newly launched Coffee Centre.
The Coffee Centre is located near Dubai’s Jebel Ali port which officially opened on Monday followed by a soft opening in November. It is a temperature-controlled facility which offers services and infrastructure for processing and delivery of coffee. In the whole Middle East it the only location offering green bean storage and processing.
DMCC’s executive chairman Ahmed Bin Sulayem said that the Centre is able to make special coffee as well as bulk coffee and is seeking “small and medium players” in the coffee market, and also bigger firms.
He said that coffee traders could use Dubai as a distribution hub for the region rather than locking themselves into long-term deals with major retailers. “The advantage (they have in trading) from Dubai is to redistribute these products and get a bigger margin,” he said.
As per reports, Dubai currently imports tea from around 13 origins and estimates about 60 percent of the world’s tea re-exports go through the emirate.
The product development manager at DMCC, Vaughn Marles stated that “There are pretty much six big traders that control around 45 percent of global imports and we are talking to maybe one or more of them.”
“We would need to get their buy-in for this place to be a volume play,” Mr. Marles added.
Sanjeev Dutta, the executive director for commodities at DMCC told the coffee center is able to manage up to 20,000 tonnes annually of coffee which is equivalent to $100 million.
- United Arab Emirates
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