News & Media
Novel Commodities to Shift Cocoa, Coffee Trades to Africa
August 31, 2012
Novel Commodities SA, a company trading agricultural products, will shift its cocoa and coffee desks to producing countries in Africa at the end of the month, according to Florian Cergneux, chief financial officer.
Novel, based in Geneva, will close its cocoa and coffee trading in the city and sales to customers will be made via the company’s subsidiaries in Ivory Coast and Cameroon, Cergneux said by phone today. Five traders were employed on the Geneva cocoa and coffee desks and the two remaining will leave at the end of the month, he said.