A week-long meeting began in London on Monday (25 September to work out what coffee drinkers around the world will be paying for their coffee.
GV & CU EXT OF International Coffee Organisation building and sign. (2 SHOTS)
INT SV Delegates taking seats.
CU Chairman of conference Mr. Lawrence Rutauakana from Tanzania.
CU Delegates from Brazil.
CU Delegates from Kenya, Peru, Yaraguay, Papua, New Guinea and the Central African Empire. (5 SHOTS)
CU Mexican delegate.
CU Chairman Rutauakana replying to question.
TRANSCRIPT: DARBY: "Do you expect the price of coffee to go up as a result of this conference?"
CALAZANS: "Well that I do say, the matter is still for the consideration of the executive hoard of the International Coffee Organisation. There will be discussion about this and then they will have to submit a report to the council, and then we will really know where we are."
DARBY: "So we really will not know until the end of the week?"
CALAZANS: "I would say, yes I would say."
REPORTER: JOHN DARBY
Script is copyright Reuters Limited. All rights reserved
Background: A week-long meeting began in London on Monday (25 September to work out what coffee drinkers around the world will be paying for their coffee. The world's coffee producers and consumers are represented in the International Coffee Organisation.
SYNOPSIS: The conference is being held at the International Coffee Organisation's headquarters, and is being attended by delegates representing the world's producers and consumers of coffee. Producing countries are seeking to maintain the current price level at which export quotas come into operation. One month earlier, the producers wanted the level raised. The President of the Brazilian Coffee Institute, Mr. Camillo Calazanas said current market prices were reasonable and did not harm producers or consumers.
Mr. Calazans said consuming nations should take the responsibility for missing the opportunity of setting a price range for triggering quotas around current market prices. Monday saw the first session of the International Coffee Council after days of individual talks. Mr. Calazans said he had been disappointed with the negotiations that had taken place during the previous ten days.
The Chairman Mr. Lawrence Rutauakana, spoke to Visnews' John Darby.