IMPORT BRIEFS

IMPORT BRIEFS

Mexico Is 5th-Largest

Textile Exporter to USMexico will rank as the fifth-largest textile exporter to the United States this year and the seventh-largest in steel exports, Mexico's trade attache to the United States announced.

Mario Rodriguez Montero told a Mexico City trade convention that Mexico will export 789 million square yards of textiles to the United States in 1988, the government newspaper El Nacional reported.

The country also will ship around 500,000 tons of steel products across the border, Mr. Rodriguez Montero said.

Coffee Group to Meet

On Discounted Prices

LONDON - The International Coffee Organization's executive board will next meet March 22-23 to review the coffee market and the findings of an investigation into reports of discounted coffee sales to non-ICO members, delegates said.

The ICO secretariat was called on last week to look into reports that some producer members, particularly Mexico, had exported coffee to non-members at a substantial discount to prices paid by members, contrary to the International Coffee Agreement.

Cocoa Consumers Offer

Joint Pricing Proposal

LONDON - International Cocoa Organization consumers proposed that a downward revision to the price defense range and the establishment of a secondary price support mechanism be tackled together, instead of at separate meetings, when they met with producers Monday at the beginning of the two-week ICCO council meeting here.

No decision was made on the proposal, consumer spokesman and West German delegate Peter Baron said.

The price defense range currently is 1,485-2,155 special drawing rights per metric ton. (One SDR equals US$1.3586.)