By Roberto Samora
SAO PAULO, Aug 13 (Reuters) – Brazil’s principal espresso exporter
affiliation Cecafe and a subsidiary of data administration
agency Experian Plc subsequent week a will launch system for
monitoring and implementing espresso gross sales, the group advised Reuters on
Friday.
The transfer comes as robust worth fluctuations for espresso have
led to fears that some producers would possibly again out of ahead sale
agreements, one thing that has occurred in remoted circumstances with
different farm exports in Brazil https://www.reuters.com/enterprise/power/spies-satellites-subpoenas-soy-buyers-play-hardball-with-brazilian-farmers-2021-05-03.
The system Sao Paulo-based unit Serasa Experian has put into
place, which has not been beforehand reported, already has
patrons making up about 70% of the market onboard, Cecafe mentioned.
Cecafe head Marcos Matos mentioned that whereas there haven’t but
been any circumstances of espresso sellers reneging on their contracts,
casual discuss of that chance has circulated amongst espresso
producers.
The brand new challenge includes making a database of export
contracts permitting patrons to make sure that a given vendor has not
already entered contracts precluding them from assembly their
obligations.
Comparable methods have already been applied by Serasa
Experian in Brazil’s corn and soy markets.
(Reporting by Roberto Samora; Writing by Gram Slattery; Enhancing
by Cynthia Osterman)
(([email protected]; +55-11-95057-1453))
Key phrases: BRAZIL COFFEE/CONTRACTS
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