Brazil sugar, coffee producers lock in profits on currency drop

Brazil sugar, coffee producers lock in profits on currency drop

Chamber Articles Category: Agribusiness Post Date: 06/12/18 Source: Reuters By: Marcelo Teixeira
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SAO PAULO (Reuters) - Many Brazilian coffee and sugar producers saw a rare opportunity last week to fix prices with solid profit margins at a moment of global oversupply for both products, moving quickly to cash in when the local currency hit its cheapest levels in two years.

Grain farmers also locked in some sales, mainly for the next soy crop, but dealmaking was slower due to a policy debate over freight costs, analysts and market players told Reuters. Read Full Article