In Switzerland, event highlights the preparation of Brazilian coffees to meet global regulations

Published 2024년 10월 4일

Tridge summary

HedgePoint Global Markets, the Brazilian Coffee Exporters Council (Cecafé), and Serasa Experian recently convened at a meeting in Geneva to strategize on boosting the global coffee market and addressing its challenges and opportunities. The discussion included expectations around the European Commission's potential flexibility on the deadline for the European Union Regulation for Deforestation-Free Products (EUDR), which has raised concerns within the coffee industry due to the risk of social exclusion from more vulnerable regions. Cecafé's president, Márcio Ferreira, emphasized the coffee industry's commitment to sustainability and socio-environmental respect, backed by Brazil's legal framework and high environmental standards. The meeting also underscored the importance of technological solutions and risk management initiatives to ensure growth and competitiveness in the face of economic challenges such as high interest rates, inflation, and financial costs.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

On Wednesday, October 2, HedgePoint Global Markets, the Brazilian Coffee Exporters Council (Cecafé) and Serasa Experian held an event prior to the 15th SCTA Coffee Forum & Dinner, in Geneva, Switzerland, to discuss the importance of joining forces to boost the global coffee market, addressing challenges and opportunities relevant to the future of the sector. The secretary-general of the European Coffee Federation (ECF), Eileen Gordon, anticipated that, after the meeting held the previous day by the private sector of the global coffee industry with the World Trade Organization (WTO) – check it out here https://www.cecafe.com.br/publicacoes/noticias/omc-genebra-cafe-20241002/ –, the European Commission would formalize its position for the flexibility of the deadline, by at least one year, for the entry into force of the tightening of the European Union Regulation for Deforestation-Free Products (EUDR). "This fact was confirmed on Wednesday and brought relief to representatives of ...

Source: NoticiasAgricolas