18 June 1999
Mexico suffers from coffee slump
MEXICOS coffee growers are suffering from the slump in coffee prices, reports the Financial Times.
But the country is showing no interest in joining the Association of Coffee Producing Countries, which could possibly help to bolster coffee values.
Plans by the countrys coffee manufacturers to import 11,000 tonnes of sun-dried robusta beans have further depressed prices on the Mexican market.
The newspaper reports that instead of co-operation within the industry, “suspicion reigns supreme”.
Mexican farmers believe multinationals are behind the lower coffee prices but manufacturers and exporters say growers ignore are growing bad-quality beans.
- Financial Times 18/06/99 page 34