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Singapore Exchange (SGX) (SGXL.SI) said on Friday it would launch trade in a new robusta coffee futures contract on April 22.
“The launch of SICOM Coffee is timely, as Southeast Asia has grown to become the largest producer and exporter of robusta coffee. SICOM Coffee is set to play a key role in establishing an Asian benchmark price for robusta coffee,” said Jeremy Ang, CEO of the Singapore Commodity Exchange (SICOM), a unit of SGX.
“The launch of SICOM Coffee is timely, as Southeast Asia has grown to become the largest producer and exporter of robusta coffee. SICOM Coffee is set to play a key role in establishing an Asian benchmark price for robusta coffee,” said Jeremy Ang, CEO of the Singapore Commodity Exchange (SICOM), a unit of SGX.
SICOM had said it planned to launch coffee and godl contracts in the first half of 2010.
