August 7, 2013 / 2:37 PM / in 4 years

Brazil to offer coffee price support at 346 reais/bag -president

SAO PAULO, Aug 7 (Reuters) - Brazil’s government will auction 3 million bags worth of options contracts to coffee producers and cooperatives intended to support the price of the commodity at 346 reais ($150) per 60-kg bag, President Dilma Rousseff said on local radio stations in the main coffee state of Minas Gerais on Wednesday. (Reporting by Pedro Fonseca; Writing by Reese Ewing; Editing by Gerald E. McCormick)

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