Colombia wants to break its coffee free from NYSE eNCA Courtesy DStv403
BOGOTA - Colombia's coffee may be known as the best in the world, but that doesn't mean the South American country can ask top dollar for it.
The problem is that being tied to a stock exchange not only restricts the ability to set your own prices, but also leaves you at the mercy of traders. The international reference price for coffee has dropped from a high of $1.5 per pound in 2016 to less than a dollar in February.- Top export - The government has announced some drastic measures to help, including the revision of debts, potential refinancing, support to purchase fertilizers and the renovation of coffee plantations, while also reactivating a subsidies fund."Coffee growers should be paid more than three times the current price," said Morales-De La Cruz.
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