Commodities: An Awful Lot of Coffee in the Bin

If coffee beans could be spent as currency, a lot of have-not nations would suddenly find themselves rich. The surplus stocks of coffee stored in warehouses from Colombia to the Cameroons have now reached 15.8 billion Ibs., or enough to keep the world's coffee drinkers well-nerved for a year and a half at present consumption rates. To do something about this surplus, delegates from 61 nations gathered in London last week for the tenth meeting of the International Coffee Council.

Free Cups & Foul Moods. The council's tea-drinking British hosts tried their best to get the three-week meeting off to...

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