Coffee Traders Forum
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Re: CECAFE shipments Sep22 - 3.138.972 bags
You do understand that this is a technical issue. the coffee that is in inventory the 6.4 mln bags less robusta whatever that is has been bought and paid for at premiums of 40 to 60 over the futures price. Delivery is at par so you lose 40 to 60 cents per pound if you deliver. The market and analysts are not saying there is no coffee, they are saying right now there is no available coffee that economically makes sense to deliver against the futures price.