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. 

By Navroz Havewala, correspondent