NYBOT Announces Coffee Warehouse Moratorium

The New York Board of Trade® (NYBOT®) announced today that effective immediately, its Cocoa, Coffee and Pulp Warehouse and License Committee has instituted a moratorium on the issuance of coffee delivery notices against certified stocks and prohibited the certification of any new coffee located at American Warehousing of NY, Inc., Pier 9, in the Port of New York. The NYBOT Committee instituted the moratorium for failure to comply with its Coffee “C”® Resolution No. 1, Warehouse Procedures and Record-keeping Requirements for the Storage of Exchange Coffee, Part VI (please visit the NYBOT website at www.nybot.com for more information about NYBOT’s coffee rules).

NYBOT’s coffee contract calls for delivery of washed Arabica coffee produced in nineteen Central and South American, Asian and African countries. Each contract is for roughly 250 bags of coffee (or 37,500 pounds).

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, wood 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. To learn more about the New York Board of Trade Futures & Options for Kids, the Exchange’s non-profit group, please go to www.futuresandoptionsforkids.org.