Production Controls under the International Coffee Agreements

The International Coffee Agreement (1962) culminated a long search for a comprehensive coffee price support scheme. From the late 1920s to the early 1940s Brazil had unilaterally supported coffee prices by storing and burning huge quantities of coffee. Brazil's efforts to gain multilateral price support during this period were in vain. In the mid-1950s, when it again became apparent that coffee production would soon exceed demand at any price satisfactory to producers, Brazil renewed the search for multilateral market support. Her efforts met with partial success in October 1957 when seven Latin American coffee growing nations signed the Mexico Agreement. Market support was gradually expanded in a series of annual agreements until representatives of countries accounting for over 90 percent of the world's production and consumption agreed to the five-year International Coffee Agreement (1962). This agreement was followed by another five-year pact, the International Coffee Agreement of 1968

Agricultural economics · Business · Consumption (sociology) · Economics · Economy · Free trade · Free trade agreement · International economics · International market · International trade · Latin Americans · Macroeconomics · Political science · Production (economics) · World market · Global trade, sustainability, and social impact · Law

• Mild Arabica coffee trade at a time of market regulation

  Andrea Montero Mora, Marc Badia-Miró•Economic History of Developing…•2023

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