The web of export controls that regulated the $10 billion-a-year world coffee market will be suspended on Wednesday in an effort to end a price boom sparked by news of widespread damage to Brazil`s coffee crop, according to the International Coffee Organization. The ICO, which runs a price pact between leading producing and consuming countries, has already raised the amount of coffee its producing members can export in an attempt to defuse the market`s strength, but so far with little success.
Originally Published:
