From Origin

ICE steps in to cap surging premium for spot robusta coffee

From www.nasdaq.com

The Intercontinental Exchange has intervened in the London robusta coffee market to cap a sharp jump in the premium between the July and September contracts, partly driven by tight stocks after a trucker strike in Brazil delayed shipments for the futures market, several trade sources told Reuters.

The premium for July robusta coffee widened in mid-July to as much as $100 a tonne over the September position. In early June, it was trading at a premium of just $10.

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