INDIA: India breaks ranks with world's coffee "cartel"
The Indian government has "put on hold" the retention scheme under which the world's leading producers including Brazil, Columbia and India were supposed to shore up International prices by pre-empting 20% of supply. India was obliged to retain 18m kg of coffee worth about US$1.5m. The Indian Coffee Board had selected intermediaries who were to warehouse certified quantities, and was awaiting government clearance.
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