Luckin Coffee Signs a Memorandum of Understanding for a 10 Billion Yuan Procurement of Brazilian Coffee Beans, boosting China-Brazil coffee industry cooperation
JVAfee (JVA) GlobeNewswire News Room·2024-11-23 02:00

Xiamen, China, Nov. 22, 2024 (GLOBE NEWSWIRE) -- In the presence of Brazil's Vice President and Minister of Development, Industry, Trade, and Services, Mr. Geraldo Alckmin, Luckin Coffee, China's leading coffee chain, signed a Memorandum of Understanding (MoU) with the Brazilian Trade and Investment Promotion Agency. According to the agreement, Luckin Coffee will expand its initial June deal to purchase 120,000 tons of Brazilian coffee beans over two years by an additional 120,000 tons. This means that from ...