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Bank of China handles its first hedging business for coffee in Pu’er

(People's Daily Online)    11:00, November 06, 2017

Bank of China Pu’er City Branch handled a hedging business relating to 17 tons of coffee on ICE for a coffee enterprise. It is the first time for Bank of China to handle a forward hedging business for coffee products on a national scale.

There are 118 coffee enterprises in Pu’er City, among which 12 are coffee export enterprises with robust demand for the hedge of coffee prices.

(For the latest China news, Please follow People's Daily on Twitter and Facebook)(Web editor: Hongyu, Bianji)

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