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Coffee futures coming

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Singapore

Singapore Exchange started trading future contracts for robusta coffee last April 22.

"The launch of the Singapore Commodity Exchange is timely, as Southeast Asia has grown to become the largest producer and exporter of robusta coffee," said Jeremey Ang, c.e.o. of SICOM, quoted by Reuters.

The SICOM futures will be a physical delivery contract denominated in lots of five tons. The contracts will represent physical stores of coffee in warehouse in Ho Chi Minh City and Singapore.

 

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Quarter 4, 2011


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