|Horticultural & Tropical Products Division||Return to the H&TP Home Page|
Brazil continues to offer government-owned stocks through its auction system.
|Brazil: Auctions of Government-Owned Coffee Stocks|
|Date of Auction||Quantity Offered||Quantity Sold||Price Range|
|--------60-kilogram bags--------||Brazil reais/bag|
|November 22||135,805||101,695||avg. 107.95|
U.S. coffee stocks at the end of
January totaled 5.6 million bags, down 236,000 bags from the
December 31, 2000, level. Details follow in 60-kilogram bags:
|Location||December 31||January 31||Difference|
According to reports, the government of Colombia has approved a $100 million loan to the National Coffee Fund that will fund Colombia's participation in the Association of Coffee Producing Countries (ACPC) retention scheme. On September 29, 2000, the ACPC agreed to withhold 20 percent of the exportable supply of coffee beans from the market in an attempt to raise coffee prices. The retention plan went into effect on October 1.