Yes, let's do something which could further destabilize coffee commodity prices in an era where political instability, increased US consumption, and climate change are already creating an increased risk of that happening.
Good job.
So actually. I'm on the fence now. I've read GAO reports, World Bank reports, and other sources from the past 50 years on the ICA and ICO and it comes across as an OPEC-like organization, with claims that the quotas and other mechanisms in general have caused increased coffee prices, higher than if there were no such agreement, even in the event of droughts (such as 2014 in Brazil).
The problem is I haven't been able to find anything too recent, and certainly little work has been done projecting forward on this agreement.
- How does not having a seat at the coffee table help it in the slightest?
Just... nice.