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Reuters first with Brazil’s coffee options program04.23.2009
Reuters beat Dow Jones on April 23 by 2 hours and 45 minutes with news that the Brazilian government would launch a coffee options program that could take some 3 million bags of the product off the market The news was an important factor in futures trading and market players talked about the possible mid term market impact of the measure. One week later, Brazil Monetary Council approved the initial steps for implementation of the program. |
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