Food Industry
Industry: Email Alert RSS FeedNYBOT revises coffee "C" discount schedule and grading standards.(TRADE NEWS)(Brief Article)
Tea & Coffee Trade Journal, April, 2005
Effective with the March 2007 Coffee "C"[R] futures contract, the New York Board of Trade (NYBOT) is implementing amendments to its coffee rules.
The amendments add a new standard for coffee deliverable under the "C" contract, which requires the coffee to be "free from all unwashed flavors". The amendments also add to the schedule of imperfections used in grading exchange coffees, a new provision that "ten (10) bored beans" shall be counted as one (1) full imperfection.
Additionally, the amendments revise the schedule of origin differentials by providing that the discount for Burundi coffee shall be 100 points under par, instead of 300 points under par.
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