Mexico’s coffee-growing lobby touts state control of prices to help farmers

Price controls for coffee were mostly abandoned years ago due to the difficulty of reaching global agreements on supply, exposing farmers to sharp price crashes.

RIO DE JANEIRO, BRAZIL - Mexico’s top coffee association is pushing for the creation of a new government agency that would have the power to regulate and set prices with the goal of improving livelihoods for legions of coffee farmers, the group’s leader told Reuters.

President Andrés Manuel López Obrador made a campaign promise to create such an agency along with minimum price guarantees and generous subsidies to coffee farmers. A bill has recently been introduced in Congress by a ruling party senator that proposes a similar approach.

The new agency should have its own budget as . . .

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