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.
It’s our best ever membership offer – just for you.
Olly Wehring, editor of just-drinks
- Brown-Forman's march on premium whisk(e)y -Comment
- Are consumers getting tired of consuming?
- Where does AB InBev see the future of beer?
- SABMiller in Cent'l & E Europe - What is for sale?
- Will US consolidation leave craft alcohol exposed?
- Brown-Forman to buy BenRiach Distillery Co
- Bacardi rolls out new global Martini ad - video
- Brown-Forman appoints new GTR marketing head
- Guinness Nigeria sees YTD sales, profits tumble
- Bacardi recruits ex-News International exec
- Global Scotch whisky insights - market forecasts, product innovation and consumer trends
- Consumer and Market Insights: Wine Market in China
- Global non-Scotch whiskies insights - market forecasts, product innovation and consumer trends
- What Next for Beer and Brewers Following the MegaBrew Deal?
- Emerging Drinks Industry Trends