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Economy / Greenspan / Coffee #484468

NBC Evening News for Friday, Aug 22, 1975
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(Studio) Chief economy advisor, Alan Greenspan, doesn't expect another round of double-digit inflation this year Agriculture Department expects coffee prices to keep incring.
REPORTER: Tom Brokaw

(Brazil) Brazil produces 30% of world coffee. Current coffee crop hurt by frost. Their stkpiles. cover damage, but Brazil jacks up prices by 50%.
REPORTER: Robert Hager

(NYC) American companies raise whsle. price by 20 cents pound Cup of coffee price to rise. At Coffee Exchange, other raw prices up due to Brazil prices. [Coffee trader Paul DEMARCO - says wife paid 80 cents pound for coffee, on sale.] Brazil has excess coffee to cover losses, but prices still climb.
REPORTER: Robert Hager

Brokaw, Tom;
Hager, Robert

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