Banks behind troubled Brazil coffee traders could take $181 mln hit
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 02 2024
0mins
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.
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.
