Word: exporting
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Dates: during 1960-1969
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Among world commodities, coffee ranks second only to oil in export value -and until recently it placed No. 1 in unmanageability. A mere 10-per-lb. price fluctuation means $50 million to the producing countries. In Latin America, where many countries rely on the bean for 45% or more of their export earnings, wild price swings have been known to break treasuries and trigger political upheaval. Yet increasingly, thanks to the U.S. inspired International Coffee Organization, the world's coffee fits are being confined to the conference table...
...London last week to thrash out a solution to the price problems. Because of slack demand, coffee has slipped in the past year from 4310 per Ib. to 3810. To prop the price at a more acceptable level, the I.C.O. in all probability will slash producers' export quotas to bring supply more in line with demand. In the four years since the I.C.O. was set up, such klatsches have helped stabilize the market to the benefit of growers and drinkers alike...
...taboo that only coffee is important." More with Less. Under the plan, growers are being offered up to 220 for each of Brazil's 3.7 billion coffee trees that they plow under. The idea is to cut production back by 20% to match what Brazil really needs for exports and home consumption. At the same time, planters are being encouraged through price supports to convert coffee land to rice, beans, corn and other crops in short supply. To put pressure on big operators, the government has put the lid on currency inflation, there by trimming Brazilian shippers' export...
Needed Propping. Though Jadid & Co. despise Egypt's Gamal Abdel Nasser for his "softness" and seek by their export of terror to take over his leadership, Syria has nonetheless been forced to cooperate with him. But even Egypt, long the revolutionary center of the Middle East, feels nervous about Damascus' rabid adventurism. In order to prevent a major war from growing out of Syria's madness, Nasser signed a mutual defense pact with Syria last November that demands consultation before any major attack on another country. The fact is that Syria's military is too weak...
...drop in 1965. Ford last September successfully reintroduced its $1,322 Taunus 15M, a model it had dropped in 1959. When his 1200 gets into full production, Volkswagen's Nordhoff plans to skip the rich U.S. market, which accounts for 25% of VW's sales, export it only to other countries "where the money does not roll as freely as before...