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Re: ICE Stocks
Posted by YirgaFan
on October 28, 2020, 1:32 pm, in reply to "Re: ICE Stocks
From what I see offers are more around -7/8 cts/lb FOB, and were trading at the lowest at -17/18 cts/lb FOB when market was at its high in early September.
Also note that these coffee are not delivered at -6 on the terminal market. There is a port discount (-1.25 cts/lb for Antwerp), plus defaults discounts that needs to be added to the origin discount.