Mexico, Salvador, Guatemala, Costa Rica, Nicaragua, Kenya, Papua New Guinea, Panama, Tanzania, Uganda, Honduras, and Peru all at par.
Colombia at 400 point premium.
Burundi, Rwanda, Venezuela and India at 100 point discount.
Dominican Republic and Ecuador at 400 point discount.
Brazil at 600 point discount.
Of course, origin is not the only factor. Quality, warehouse location, a realistic premium/discount are other considerations. So at sellers option buyers have no clue what they are getting and where. This is why EFPs and EFSs are important. During notice season we see an elevated number of these postings so that producers can negotiate their product and delivery point with consumers. Letís just say that actual delivery on ICE is essentially for Honduran origin. To ignore EFP/EFS activity I believe is a mistake because, in effect, it is delivery of hedged contracts. It is also evidence that hedging is active on ICE.
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