Uganda has officially withdrawn from the International Coffee Agreement, becoming the second high-profile coffee-producing country to do so within the past two years.
The withdrawal officially came on Wednesday, Feb. 2, after officials from the Uganda Coffee Development Authority (UCDA) signaled their intention to leave late last year.
Overseen by the International Coffee Organization, the International Coffee Agreement has been signed by nearly all the world’s largest coffee-producing countries and many of the world’s largest coffee-consuming countries. The agreement has existed in numerous iterations since 1962, and it was used to regulate global coffee supplies and stabilize global coffee prices through a quota system from the early 1960s until its collapse in 1989.
