You are right. Certified ICE stocks are coming down way before the pandemic. But there is not any puzzle to understand why the ICE coffee stocks start coming down since then. On December last year Certified coffee was above 2 million bags, and the diffs were above 10 points, enough higher to not deliver coffee to the exchange. Instead, coffee was cheap to descertified. In the beginning of this year and with the pandemic, the diffs went skyrocket.That situation screw up many Importers who have sold short the price differential.Look what happens with COEX.!!