ICO takes Measures to Improve Coffee Quality on the World Market.
It is intended that the results of the review which will be completed in the second half of July, will be available in September at the next scheduled meetings of the two organizations, in order to facilitate taking practical action in terms of specific undertakings. which will result in the diversion from the market of sufficient volumes of low-grade quality coffee to significantly improve the overall quality of coffee for the consumer, and provide more remunerative prices to producers. The, ICO composite indicator price on May 31, 2001 was US 45.28 per pound, compared with annual averages for 1998, 1999 and 2000 of 108.95, 85.72 and US 64.25 cents per pound respectively.
This action follows from the adoption by the International Coffee Council of Resolution number 399 on May 24, 2001.
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|Title Annotation:||International Coffee Organization|
|Publication:||Tea & Coffee Trade Journal|
|Article Type:||Brief Article|
|Date:||Aug 20, 2001|
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