AFRICA: Coffee chief bemoans low coffee prices
The president of the Association of Coffee Producing Countries has warned that the current low price level is having an acute threat on poverty in poorer nations. Sergio Silva do Amaral said the world price of coffee is currently hovering at around its lowest level for some 30 years with the price, of less than $565 a tonne, leaving many growers to complain that they are not making enough money to cover their production costs.
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