Brazil Weighs Raising Minimum Coffee Price After Market Slump
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Brazil may soon raise the minimum price for coffee beans as part of a series of measures being discussed to support growers in the world’s biggest coffee producer and exporter, according to the Agriculture Ministry.
Officials will consider a price proposal next week as well as changes to expiration dates for stockpiling loans and funds to finance stockpiles for the coming year, Gerardo Fontelles, secretary of production and agroenergy for the ministry, said in an interview on the sidelines of an International Coffee Organization meeting in London today. The proposals should be voted on at the end of the month, he said.