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NotiSur PDF file 1995 right arrow Jul

Latin American Coffee Producers Agree to Reduce Exports to Boost Prices

LADB Article ID: 56037
Category/Department: Region
Date: 1995-07-13
By: LADB Staff

On July 10, in the face of rapidly falling world coffee prices, six major Latin American coffee-producing nations announced a long-term agreement to withhold 20% of their total export crop from the market in an effort to force prices up. Attempts earlier in the year by some Latin American coffee-producing countries to reduce the market supply faltered until Brazil the world's largest coffee producer joined Colombia, Costa Rica, El Salvador, Honduras, and Nicaragua at a three-day emergency meeting in Bogota and worked out the price-management scheme.

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