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August 25, 2007
CME welcomes talks to trade coffee

The CME Group has not entered formal talks with Vietnam on trading Vietnamese coffee on the Chicago exchange, but would welcome the possibility, a CME spokesman said on Friday.

Vietnam Coffee and Cocoa Association's chairman told Reuters in an interview Friday that the Buon Ma Thuot Coffee Exchange Center, the country's first coffee trading floor, was expected to be operational in March 2008, when it also plans to trade its coffee on CME Group.

"While we have not had formal discussions, we certainly welcome any discussions with the Vietnamese exchange on cooperation between our two exchanges," CME Group spokesman Allan Schoenberg said in an e-mail.

The CME Group, formed by the merger of the Chicago Mercantile Exchange and the Chicago Board of Trade, is the world's largest derivatives exchange. Reuters reports

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