Amadeusz Juskowiak

Senior delegates pessimistic on ico talks

Efforts to break an impasse between coffee exporting and importing countries over regulating the world coffee market in the face of falling prices appear to have failed senior delegates said after a contact group meeting The full ICO council is due to meet this evening

President of the Brazilian Coffee Institute IBC Jorio Dauster told Reuters after the contact group meeting there had been no agreement on quotas as consumers had tried to dictate market shares rather than negotiate them

Dauster said there are no plans yet to renew negotiations at a later date