NYBOT Announces Port Of New Orleans Coffee Action

At a meeting held today, the Board of Governors of the New York Board of Trade® (NYBOT®) considered the consequences of Hurricane Katrina on the Port of New Orleans and its impact on the delivery of coffee in the Port. In accordance with Rule 8.15, the Board declared that a force majeure situation exists in the Port, and that deliveries pursuant to delivery notices previously issued shall not be made until such date as the Board may determine and that, effective August 30, 2005, no further delivery notices may be issued for coffee to be delivered in the Port of New Orleans until the conditions of the warehouses and the coffee located there can be determined.

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.