Coffee growers urged to address excess supply_2
19 July 2012
Coffee-producing countries are being urged to produce fewer beans of higher quality to raise prices and counter a glut of coffee on commodity markets.
The International Coffee Organisation (ICO), an intergovernmental organisation of coffee exporting and importing countries, has launched a review encouraging coffee producers to eliminate impurities and defective beans in exported coffee.
“There’s an excess of around 10 million bags worldwide,” Pablo Dubois, ICO head of operations, told SM. “Our short-term...