BM & F coffee trade affected by attacks in New York. (World News).BRAZIL - Brazil's physical coffee market virtually came to a stand-still immediately following the terrorist attacks against the World Trade Center in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of on September 11, reports the Gazeta Mercantil. The attacks totally destroyed the Coffee, Sugar and Cocoa Exchange The Coffee, Sugar and Cocoa Exchange (CSCE) founded in 1882 as the Coffee Exchange in the City of New York. Sugar futures were added in 1914, and in 1979 the Coffee and Sugar Exchange merged with the New York Cocoa Exchange, which was founded in 1925. (CSCE CSCE See Coffee, Sugar and Cocoa Exchange (CSCE). ) trading floor. Futures operations involving coffee and other commodities in the U.S. were resumed in Long Island City, New York, shortly afterwards. The trading volume on the coffee futures market in Brazil - the world's largest producer and exporter - fell the day after the tragedy, although the Commodities & Futures Exchange (BM & F) in Sao Paulo became the only option for those operating with arabica a·rab·i·ca n. 1. a. A species of coffee, Coffea arabica, originating in Ethiopia and widely cultivated for its high-quality, commercially valuable seeds. b. The beanlike seed of this plant. 2. coffee - the country's main variety. Only 809 contracts were registered that day, well below the previous day's 2,159 and the daily average for the month, 1,927. |
|
||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion