Press Release Issued by the Office of Price Administration, October 17, 1946
Decontrol of green and roasted coffee at all levels of distribution was announced today by the Office of Price Administration.
Effective October 17, 1946, this action complies with a provision of the new price control act which requires decontrol of any commodity when supply equals demand.
Today’s action marks the granting of the first formal petition for decontrol filed by an OPA industrial advisory committee. The petitioner was the Coffee Industry Advisory Committee.
The price control law requires OPA to take action within 15 days after accepting the petition. Today’s action is taken ten days after the decontrol petition was filed.
The price agency said it was basing its decision on data presented by the industry and obtained by OPA as well, indicating that supply and demand were approximately in balance.