WORLD: Coffee producing nations push for reduced exports to drive up price
Brazil and Colombia are urging growers to withhold coffee exports, even though their efforts have so far failed to drive up prices and is costing them market share. The two nations are hoping to persuade coffee producers to hold back exports to boost prices that were recently at seven-year lows. Large inventories of coffee beans and delays by some Asian coffee producing countries in getting on board the plan are currently hampering efforts.
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