SICOM trades Vietnamese coffee

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The Singapore Commodity Exchange (SICOM), began trading Vietnamese Robusta coffee future contracts on April 22.

SICOM CEO Jeremy Ang said Southeast Asia has grown to become the largest producer and exporter of Robusta coffee. The exchange wanted to establish an Asian benchmark price for the product that is traded outside the region, he said.

The physical delivery futures contracts were traded in morning and evening sessions with a minimum size of five tons.

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