Banks behind troubled Brazil coffee traders could take $181 mln hit
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 02 2024
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Should l Buy ?
Source: Reuters
Debt Restructuring of Brazilian Coffee Traders: Two Brazilian coffee traders, Atlantica and Cafebras, are seeking court-supervised debt restructuring, with banks holding a total of 1.1 billion reais ($181.6 million) in credit linked to future coffee exports.
Impact on the Coffee Market: The request for debt negotiation has raised concerns among coffee importers about potential delivery issues and financial instability among other exporters, particularly as coffee prices have surged recently.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
