Amadeusz Juskowiak

Ico producers to present new coffee proposal

International Coffee Organization ICO producing countries will present a proposal for reintroducing export quotas for 12 months from April 1 with a firm undertaking to try to negotiate up to September 30 any future quota distribution on a new basis ICO delegates said

Distribution from April 1 would be on an unchanged basis as in an earlier producer proposal which includes shortfall redistributions totalling 122 mln bags they said

Resumption of an ICO contact group meeting with consumers scheduled for this evening has been postponed until tomorrow delegates said

Reuter