Dak Lak Starts Future Coffee Dealings

3:09:19 PM | 18/3/2011

On March 11, 2011, Dak Lak province officially started trading coffee futures at the Buon Ma Thuot Coffee Exchange Centre (BCEC) to meet demand of dealers and diversify investment channels for investors.
Mr Nguyen Tuan Ha, Deputy Director of Dak Lak Department of Industry and Trade, and Director of BCEC, said Vietnamese dong (VND) will be used for coffee futures trading at BCEC, both transactions and deposits. Coffee prices will be fixed by domestic traders in order to minimise external price volatilities; transactions are simple and easily accessible because they use the Vietnamese dong and Vietnamese language.
Hong Hanh