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Louis Dreyfus Poised To Take Back Strategic Robusta Stocks

From esmmagazine.com

Louis Dreyfus Company is poised to regain majority ownership of robusta coffee stocks on ICE Futures Europe, four trade sources told Reuters, in a move that will give the firm a strategic edge in trading on the London-based futures market.

Some 38,400 tonnes of robusta coffee have been tendered against November robusta futures since the start of the delivery period, Intercontinental Exchange (ICE) data shows.

The sources said that Dreyfus – historically, a key player in exchange-certified stocks – was the primary buyer of robusta coffee tendered so far.

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