1. Brazil and Colombia have tried to encourage exporters to implement a coffee retention plan to prevent the flooding of the market. 2. A contentious court hearing on the retention plan is expected. 3. Cardenas vowed this retention plan, with the support of Brazil, will be different. 4. Cardenas said this plan will remain in effect until a formal agreement is reached on a new coffee retention plan. 5. Colombian Coffee Federation General Manager Jorge Cardenas said further details of the retention plan would be released Monday. 6. Further details of the retention plan are to be released tomorrow, coffee officials said, following two days of meetings in Bogota. 7. Last year, the firm came up with a retention plan. 8. Retention plans are common in large bankruptcy cases because competitors often start raiding the reorganizing company, looking for talented employees. 9. The retention plan could continue throughout the next coffee year, which begins in October, he added. 10. Key producer countries meeting in London on Monday agreed to revive a coordinated export retention plan to withhold a proportion of their coffee exports until prices reach pre-fixed levels. |