Coffee, Tea, and Cocoa Market Prospects and Development Lending

• Corporate Author: World Bank
• Other Authors: Singh, Shamsher 1928- (Editor)
• Format: Book
• Language: English
• Published: Baltimore Published for the World Bank [by] Johns Hopkins University Press 1977
• Series: World Bank staff occasional papers no. 22
• Subjects: Coffee trade; Cocoa trade; Tea trade; Economic assistance
• Online Access: Click Here to View Status and Holdings.

 prospects for primary commodities stems from a variety of consider- ations. Primary products account for four-fifths of the total exports of the Bank's developing members, its principal borrowers. Al- though exports of manufactured goods from these countries have been rising rapidly-by 13 percent a year in 1955-72-the starting base is small, and primary commodities remain the main determi- nant of their overall export performance and ability to service external debt. The ability of Bank investments to enlarge the productive base of the primary sector is directly affected by the market outlook for the products involved. Coffee, tea, and cocoa are among the more important primary commodities and are studied by the Bank staff on a continuous basis. Coffee, in fact, is second only to oil as an earner of foreign exchange for developing countries. In 1972-74, when the total export earnings of developing countries from primary commodities other than oil were estimated at approxi- mately $47,000 million, the value of their exports of coffee was $3,700 million; of tea, $660 million; and of cocoa (beans), $1,000 million. They are especially important