A week-long meeting began in London on Monday (25 September to work out what coffee drinkers around the world will be paying for their coffee.
A week-long meeting began in London on Monday (25 September to work out what coffee drinkers around the world will be paying for their coffee. The world's coffee producers and consumers are represented in the International Coffee Organisation.
SYNOPSIS: The conference is being held at the International Coffee Organisation's headquarters, and is being attended by delegates representing the world's producers and consumers of coffee. Producing countries are seeking to maintain the current price level at which export quotas come into operation. One month earlier, the producers wanted the level raised. The President of the Brazilian Coffee Institute, Mr. Camillo Calazanas said current market prices were reasonable and did not harm producers or consumers.
Mr. Calazans said consuming nations should take the responsibility for missing the opportunity of setting a price range for triggering quotas around current market prices. Monday saw the first session of the International Coffee Council after days of individual talks. Mr. Calazans said he had been disappointed with the negotiations that had taken place during the previous ten days.
The Chairman Mr. Lawrence Rutauakana, spoke to Visnews' John Darby.