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Association of Coffee Producing Countries

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Association of Coffee Producing Countries
An international organization that attempted to influence global coffee prices much the way OPEC influences oil prices. It was unsuccessful in this mission and, as a result of financial problems, dissolved itself in 2002.


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Worldwide production cutbacks sponsored by the Association of Coffee Producing Countries in 2001 failed to curb the situation.
Under the original plan, agreed by the Association of Coffee Producing Countries (ACPC) in May 2000, about 20% of the 2000/01 exportable beans should be retained, until the ICO's 15-day moving average price rises above US 95 cents per pound (c/lb).
The two-prong approach is an effort to counter the 27-percent drop in coffee prices since October 2000, when the Association of Coffee Producing Countries agreed to hold back 20 percent of exports from each member country in an effort to raise prices and boost revenues.
 
Association of Coffee Producing Countries
 
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