NYBOT’s Cocoa, Coffee and Pulp Warehouse & License Committee has instituted a moratorium on any further certification of coffee being stored at such warehouses. Damages to the coffee stock are currently being assessed. The moratorium will be lifted when repairs are completed and the warehouses meet Exchange standards.
Additionally, NYBOT has suspended the certification of the 190,000 bags of Exchange-certified coffee stored in the damaged warehouses until such time as the soundness of such coffee can be determined. This should be completed prior to first notice day for the September delivery of Exchange coffee.
The New York Board of Trade (NYBOT) is New York’s original futures exchange, where the world trades food, fiber and financial products. For well over a century, the New York Board of Trade has provided reliability, integrity and security in a global marketplace for cocoa, coffee, cotton, ethanol, orange juice, pulp and sugar, as well as currency and index futures and options. Information about the New York Board of Trade can be found at www.nybot.com and www.nybotlive.com.
