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Re: Brazil already represents 35.44% of ICE Stocks coffee total
Why are the certificates being stored in Europe ?? There the discount is 1.25 cents per pound to be delivered in the Exchange. The great trades are transferring the Brazilian coffees to Europe , in order to stock , certify to be able to receive more money of financing with very cheap interest to stock. When coffee costs 30 cents more for the shortage of stocks, then the trades have sold to their roasters.