Tuesday, January 17, 2006
Plentiful season: Coffee shops to be full of beans
Java junkies will have no trouble finding a fix in the coming year, according to a trade association report released Tuesday. The Association of Coffee Producing Countries, based in London, said 84.50 million bags of coffee are expected to be produced for export in the 12 months ending June 2000. That is 4.8 million bags over expected usage. Each bag is 132 pounds (60 kilograms).
In the event of such an excess, "the potential path for prices would cause many problems for producers," the report said. The association's report said the surplus can be reduced to 1 million bags if the countries participating in its 1999-2000 export program keep to their total agreed sales limit of 50 million bags.
Participating countries, including Brazil, Colombia, Indonesia, Uganda, Ivory Coast, Ethiopia, El Salvador, Costa Rica, Honduras and Kenya, agreed to the 50 million bag limit at a July meeting in Brazil. Read full artilce
In the event of such an excess, "the potential path for prices would cause many problems for producers," the report said. The association's report said the surplus can be reduced to 1 million bags if the countries participating in its 1999-2000 export program keep to their total agreed sales limit of 50 million bags.
Participating countries, including Brazil, Colombia, Indonesia, Uganda, Ivory Coast, Ethiopia, El Salvador, Costa Rica, Honduras and Kenya, agreed to the 50 million bag limit at a July meeting in Brazil. Read full artilce
# posted by Buck @ 6:05 AM 
