• Short Summary

    The International Coffee Organisation (ICO) has been meeting in London, to discuss the current world shortage and a sharp increase in prices.

  • Description

    1.
    SV PAN FROM: Post office tower to International Coffee Headquarters building, London, England.
    0.11

    2.
    GV AND SV INTERIOR: internation coffee meeting in progress, with Executive Director addressing meeting. (2 shots)
    0.27

    3.
    SV: British and Ugandan delegates listening.
    0.32

    4.
    SV: Angolan delegate
    0.57

    5.
    SV: Australian delegate listening.
    0.42

    6.
    CU: U.S. delegate
    0.46

    7.
    SV: Columbian delegate Juan Santos and Brazilian representative Marcello Raffaelli.
    0.53



    Initials



    Script is copyright Reuters Limited. All rights reserved

    Background: The International Coffee Organisation (ICO) has been meeting in London, to discuss the current world shortage and a sharp increase in prices. The ICO decided to carry out a world study on production, consumption, and stocks -- and will meet again next month (February) to discuss a proposal by Columbia that prices be frozen.

    SYNOPSIS: The two-day meeting, held at ICO's permanent headquarters in the British capital, was originally a routine conference. But following in the wake of crop failures and political disruption among coffee producers, it found itself in the middle of a crisis. The meeting heard a report on last year's poor export figures -- which were only achieved anyway at the expense of running down existing stockpiles.

    Last year, part of the landlocked Ugandan crop failed to reach world markets after a border-closure dispute with neighbouring Kenya. The Angolan crop was severely disrupted by the civil war there, and Brazil suffered a major frost disaster. World prices have been further complicated by intricate market manoeuvrings -- and it appears that expensive coffee could be here to stay for several years.

  • Tags

  • Data

    Film ID:
    VLVA9ODOZZPLP5VZF2I1Y13L0YHV7
    Media URN:
    VLVA9ODOZZPLP5VZF2I1Y13L0YHV7
    Group:
    Reuters - Source to be Verified
    Archive:
    Reuters
    Issue Date:
    24/01/1977
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:01:20:00
    Time in/Out:
    /
    Canister:
    N/A

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