Colombia is going to take the coffee from the New York Stock Exchange. Its intention is the formation of coffee prices based on production costs plus profitability.
It depends on the final goal and the real reason of this action. If they want to create a new market, investors can diversify their portfolio from New York to Latin America. Global markets can adapt easily in such changes. If the goal is to reduce speculation and volatility through derivatives on commodities, it will not work because advanced derivatives could be created and used in New York.