Coffee futures have extended losses from early in the session. September Coffee is trading at 122.35, down 2.70. Trading is choppy just above the lows of the session and some general selling was seen.
Market talk about an active Brazilian...
Police in Vietnam said on Tuesday they had detained the recently ousted chairman of state oil and gas company PetroVietnam on suspicion of fraud while he was leading the banking unit of conglomerate Ocean Group.
Coffee futures are trading steady to a little lower Monday morning. September Coffee is trading at 128.10, down 0.30. Trading is rangebound.
Market talk about slowing sales from Vietnam has led to a little buying. Chatter about Brazil's coffee...
Vietnam's Eximbank will disburse any loans under India's $300 million credit for projects which use Indian-made equipment with value of up to 75 percent of the project's total investment, the Vietnamese government's website reported.
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Although many are familiar with the moniker made in China, Vietnam has become a major center of manufacturing in recent years. It has become especially attractive as wages in China have risen making manufacturing there more expensive.