International Cotton Advisory Committee

In May 1960, it was announced that coffee export quotas, amounting to 7, 600, 000 bags of 132 pounds each, and adding 1, 302, 040 bags to the previously agreed annual quotas totaling 32, 650, 000 bags, had been fixed for the second quarter of 1960 by the directors of the International Coffee Agreement. For the full year, export quotas for eleven members had been revised upward, under a provision of the Agreement tying exports to the production estimates of the United States Department of Agriculture. Under the current revision, Brazil had been granted the largest quota —4, 139, 000 bags—and Colombia, the second largest—1, 417, 000 bags—each being permitted to export more than the quota assigned, should the world market require more coffee.