COFFEE COULD DROP TO 70/80 CTS, CARDENAS SAYS
International coffee prices could drop to
between 70 and 80 cents a lb by next October if no agreement is
reached to support the market, Jorge Cardenas, manager of
Colombia's National Coffee Growers' Federation said.
    Speaking at a forum for industrialists, he said one of the
reasons was that the market was already saturated and that
producers will have excess production and stockpiles of 39 mln
(60-kg) bags in 1987.
    Today, May futures in New York settled at 107.90 cents a
lb.
 Reuter
