CARTELS: Trying to Get Together

Inspired by the success of the oil producers, many countries are attempting to push up prices of other commodities, either through cartels or by unilateral action. Two current examples:

> Meeting in San Salvador last week, delegates from 38 Latin American and African nations that grow almost all the world's coffee agreed to continue an effort begun last September to try to boost prices by holding 20% of their production off the market. The producers have been stung in the past six months by a 25% drop in world wholesale prices for green coffee, to a barely profitable 520 per...

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