Commodity trader stashing coffee stocks
Add BT as a preferred sourceLondon
ENGELHART CTP is shifting some of its big purchase of certified robusta stocks to a new warehouse, industry sources have told Reuters, signalling it may plan to keep the coffee off the market and potentially move to extend its grip on stocks.
The commodity trader, spun off by Brazilian bank Grupo BTG Pactual last year, has been moving certified coffee it purchased on the futures market in July out of the warehouses where it was initially stored to another facility in Antwerp, sources said.
