Monday, November 11, 2002


destruction

as part of an agreement to reduce coffee oversupply -- the ocean of low-quality coffee that has depressed world coffee prices for 2 years running now -- mexico yesterday publicly destroyed 8.4 million pounds of coffee.

efforts by the ico and oxfam have lately focused on improving the coffee situation by attempting to get coffee-producing countries to agree to destroy large amounts of coffee, reduce the oversupply, and thus begin an increase in prices.

mexico appears to be among the first countries to take action. but the price depression -- which is leaving farmers all over the globe bankrupt, and forcing unemployed and helpless coffee workers in latin america near to starvation -- seems set to continue for a 3rd year. what can we coffee lovers do? donate to the worthy organization, coffee kids.

posted by fortune | 4:00 PM | top | link to this | email this: | | | 0 comments