Reported about 17 hours ago
Two Brazilian coffee exporting companies, Atlântica Exportação e Importação and Cafebras Comércio de Cafés do Brasil, are seeking a 60-day grace period to renegotiate their debts due to soaring coffee prices and increased financial strain from margin calls. This request is a preliminary measure to avoid formal bankruptcy protection and reflects the challenges exporters face with the significant rise in arabica coffee futures this year.
Source: YAHOO