Robusta Coffee Futures

Description

The Robusta Coffee futures contract is used as the global benchmark for the pricing of physical Robusta Coffee. It is actively traded by producers, exporters, trade houses, importers and roasters as well as by managed funds and both institutional and short-term investors.

Market Specifications

Trading Screen Product Name

Robusta Coffee Future

Trading Screen Hub Name

ICEU

Contract Symbol

RC

Contract Size

Ten Tonnes

Price Quotation

$ per metric tonne

Contract Series

January, March, May, July, September, November, such that ten delivery months are available for trading

Minimum Price Fluctuation

$1 per tonne ($10)

Settlement

Physical Delivery

Delivery Locations

Delivered in an Exchange Nominated Warehouse in Europe or the U.S.A.

Grade/Standards/Quality

Class 1 Robusta Coffee deliverable at Contract price. Other qualities deliverable at set premiums and discounts.

Daily Price Limit

None

Deliverable Origins

Robusta Coffee from any Origin that is freely available for export to any destination

First Notice Day

Fourth business day preceding the first business day of the delivery month.

Last Trading Day

Fourth business day preceding the last business day of the delivery month at 12:30.

Last Notice Day

Fourth business day preceding the last business day of the delivery month.

Delivery Limits

Delivery limits for IFEU Softs can be found here.

Markers

TAS (Trade at Settlement)

MIC Code

IFLX

Clearing Venues

ICEU