ICE Suspends Fourth Louis Dreyfus Certified Warehouse for Robusta Coffee
CoffeeNetwork (New York) – The InterContinental Exchange has suspended the fourth Robusta coffee warehouse owned by Louis Dreyfus Co for violating grading procedures. The latest warehouse suspended is in London. This follows the recent suspension of other warehouses in Antwerp, Barcelona and Molenbergnatie Espana.
According to the official statement from ICE, “Europe Grading and Warehousekeeping Procedures , FSL have been suspended from the List of Nominated Warehouses and Nominated Warehousekeepers for the storage of Robusta Coffee, until further notice. As a result, 305 lots of Robusta Coffee have been suspended.”
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