Rio de Janeiro, September 15 – The coffee situation in Brazil continues unsettled as is the case in all other coffee producing countries. Notwithstanding, the level of prices is not too bad compared to competitors in the international market. The position of low coffees may be referred to as steady, thanks, in all probability, first and foremost to the excellence of the position always enjoyed by Brazil as the producer of such coffees. The same cannot be said, however, about the prices of fine coffees, because of the keen competition of “mild” coffees in the United States markets, produced by other coffee growers in Latin America.
During the month there was held a meeting of the Consulting Council of the National Coffee Department, for the purpose of discussing the rendering of accounts by the Board of Directors, and for discussion of the percentage of the “quota of sacrifice” to be levied against the next coffee crop of 1940-41 to be started July 1st.
