UK: Coffee deal off the boil
A deal to boost the income of the world's coffee producers, most of whom are poor developing countries, is under strain just one week after the plan was announced. The Association of Coffee Producing Countries (ACPC) had agreed to hold back 20% of coffee production for two years to boost prices. Coffee prices recently reached a seven-year low of $890 a tonne for July delivery. Now doubts are surfacing as to whether Brazil, the world's largest coffee producer, will actually implement the scheme. Also, countries which are not ACPC members are reported to be reconsidering their commitments. "The gloss put on the ACPC plan last week is waning. It seems to be falling apart quicker than expected," said one London trader.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-drinks gives you the widest beverage market coverage.
Paid just-drinks members have unlimited access to all our exclusive content - including 15 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Olly Wehring, editor of just-drinks
- Interview - Beam Suntory's EMEA president
- Beckham, Diageo and the Allure of the VIP Pop-Up
- Interview - William Grant & Sons
- Interview - Beam Suntory's EMEA head - part II
- What do A-B InBev results mean for SABMiller deal?
- Diageo, Beckham launch VIP pop-up for Haig Club
- Diageo reveals US$400m Tequila investment
- Pinnacle Vodka, Skinnygirl roll out on ice
- Coca-Cola Co apologises over Fanta ad
- Diageo completes Don Julio, Bushmills swap deal
- Global non-Scotch whiskies insights - market forecasts, product innovation and consumer trends research
- Wine, 2014 and the future
- Beam Suntory Inc. - Strategy and SWOT Report
- Global RTD/RTS insights - market forecasts, product innovation and consumer trends research
- Spirits and RTDs, 2014 and the future