Guatemala announces withdrawal from International Coffee Organization
Guatemala, Jul 4 (Prensa Latina) The Government of Guatemala recently announced its decision to denounce the International Coffee Agreement 2007 and withdraw from the International Coffee Organization (ICO).
The measure, which will come into force the next coffee year, was taken by recommendations from the Coffee Policy Council and the National Coffee Association, according to a communiqué published on the institution's website.
The document said that as an alternative measure, an alliance will be sought with the associations of producers, as well as other regional and multilateral options to meet the challenges being faced by the coffee production chains.
Over the last few years, coffee producers have been affected by a severe crisis characterized by low revenues from trade, so prices have not matched the real value of the product and in many cases, they do not cover costs, causing losses to the families involved in the process.
In light of that situation, the coffee sector has reached the conclusion that the ICO, which administers the International Coffee Agreement 2007 and supervises its functioning, has not contributed to deal properly with the crisis, the communiqué says.
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