Cargill, Marex, JDE lost money to fallen Brazilian coffee traders
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Commodity traders Cargill, Marex, Olam, and Louis Dreyfus, along with JDE Peet’s, have reported losses due to the bankruptcy of Brazilian coffee traders Atlantica and Cafebras, which owe a combined 2.12 billion reais ($375.05 million). Cargill is owed $18 million, Marex $12.8 million, and both Olam and Louis Dreyfus about $5 million each. JDE Peet’s is owed 16.4 million reais ($2.90 million). The bankruptcy filing is pending a decision from the Brazilian court.
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