561.333D3/1606: Telegram
The Ambassador in Brazil (Caffery) to the Secretary of State
[Received 9:20 p.m.]
5622. Private sources report that 8600 bags and 25,600 bags of new crop coffee (reference Embassy’s telegram No. 5596, December 4, 3 p.m.)98 arrived at Santos on December 6 and December 7 respectively, as against Guedes’ recent assurances to the Minister of Finance and Embassy that entries would total 40,000 bags daily.
Reports from Santos indicate that sales of new crop coffee for shipment to the United States are very quiet due to the rumors that American importers will receive a subsidy of 5 cents per pound and that they will be permitted to increase prices correspondingly.
Have importers in the United States noticed any improvement in sales or prices of Brazil’s new crop coffee?
- Not printed; it indicated that there was sufficient coffee on hand at Santos to fill the tonnage assigned (561.333D3/1605).↩