• Short Summary

    The main coffee producing nations of Latin America and Africa have been meeting in Geneva to discuss ways of taking the pressure off world coffee prices.

  • Description

    The main coffee producing nations of Latin America and Africa have been meeting in Geneva to discuss ways of taking the pressure off world coffee prices.

    Despite a three per cent cut in export quotas for some types of coffee at the beginning of this month, the price for them is still below the minimum level fixed by the International Coffee Agreement.

    A second cut of two per cent for these types -- mild arabicus and robustas -- is imminent under the terms of the Agreement.

    Among possible steps by the producers would be a call for a meeting of the sixteen-nation executive board of the International Coffee Agreement, which dates from 1963, and was renewed last year.

    The pact empowers the Board to revise the present price ranges on a selective basis as market conditions dictate. The producers were also expected to discuss whether the two per cent quota reductions for other Mild Arabicus and Robustas should be allowed to come into force, or whether they should be replaced by across the board cuts for all types of coffee.

    The meeting, held in a Geneva hotel, ended on Saturday.

  • Tags

  • Data

    Film ID:
    VLVA75R9EELAYDMOX5G49XTS536X3
    Media URN:
    VLVA75R9EELAYDMOX5G49XTS536X3
    Group:
    Reuters - Source to be Verified
    Archive:
    Reuters
    Issue Date:
    19/05/1969
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Black & White
    Duration:
    00:01:32:00
    Time in/Out:
    /
    Canister:
    N/A

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