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ButterflyEffect · 2432 days ago · link · · parent · post: The United States is Withdrawing from the International Coffee Agreement
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.