Word: braziller
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Dates: during 1950-1959
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...World consumption of coffee is increasing an average 500,000 bags a year; production, ballooned by a worldwide planting spree during the Korean war, is increasing at the annual rate of 5,000,000 to 7,000,000 bags. Hardest hit is the world's No. 1 producer, Brazil, which last year earned 61% of its foreign exchange by exporting 14.3 million bags* worth $935 million. This year, with much of the world's coffee selling for less than Brazil's rigidly fixed prices, the most optimistic export prediction is 13 million bags, worth $800 million...
...With Brazil priced out of the market, the No. 2 coffee country, Colombia, is not so badly off. It has only a little more than 3,000,000 bags in storage, and most of this is the result of an agreement reached last year between Latin America's seven biggest producers to hold some coffee off the market in an effort to prop prices. Just the same, Colombia's exporters are grumbling that holding back only encourages rival African producers to enlarge their share, now about 20%, of the world market. Pegged prices, they insist, allow African producers...
...Both Brazil and Colombia want the U.S. either to set minimum prices for coffee and establish import quotas for each coffee-growing nation or begin stockpiling. The U.S. is not yet ready to go that far. It is willing to grant stopgap aid, e.g., a $103 million loan to Colombia a fortnight ago. And it is willing to work jointly on plans for more orderly marketing. "The U.S. finally has admitted that the problem is mutual," said one Latin American ambassador in Washington last week. "That's quite a change...
...were sailing last week on the latest leg of a religious odyssey that has taken them halfway round the world. Behind them lay 300 years of persecution, an exodus from Russia across Asia, a bitter exile in Communist China. Ahead was a free, pioneering life in the forests of Brazil...
...acres of rich pineland, 10% cleared, about 200 miles southwest of Sāo Paulo. Led by 74-year-old Starik (Elder) Antonov Kulikov, the first contingent of Old Believers picked up 64 tons of seed, fertilizer, tools and clothing in Los Angeles from U.S. Protestants before sailing for Brazil...