Your morning espresso may not be any cheaper, but the price of coffee beans on the commodities exchanges has crashed in recent months, despite a scheme by the world's producers to hold back 20% of their exports. This week, the Association of Coffee Producing Countries (ACPC) sent in a Swiss inspection firm, sgs, to check the warehouses of member countries: there are suspicions of cheating. And eight Latin American coffee-growing nations met in Guatemala to . discuss a separate price-boosting proposal, in which low-quality beans would be bought up and put to other uses—made into fuel or fertiliser, for instance.
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