Coffee needs consumption, quality highs to keep prices stable

REUTERS

BANGKOK : Global coffee prices have staged something of a recovery after plunging to historic lows, but to keep them stable or push them higher will require considerable effort, traders said on Friday.

Domestic consumption and quality consistency must be boosted in producing countries to ensure the sustainability of the coffee business, traders said at the Asia International Coffee Conference in Bangkok . Sustainability would require better market access and improved co-ordination of international coffee policy to smooth out price fluctuations, they said.

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