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 17 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
- Chile's winemakers caught out by Brexit "disease"
- What's coming up in beer in 2017? - Comment
- The just-drinks Analyst - 2017 forecasts
- Interview - Pernod Ricard's luxury director
- What's coming up in wine in 2017? - Comment
- Suntory sends staff to fat camp - report
- Diageo Australia names new commercial head
- Pernod Ricard's Absolut Lime - NPD
- Former Stoli Group CEO joins Perfect Vodka owner
- US craft beer growth slows again - IRI figures
- Global vodka insights - market forecasts, product innovation and consumer trends
- The Next Seven Big Beverage Markets
- Global Cognac insights - market forecasts, product innovation and consumer trends
- Global gin insights - market forecasts, product innovation and consumer trends
- Darker Than Before: Global Prospects for Brown Spirits