Transport Infrastructure
Traders send countless coffee bags to ICE exchange, costs sink
Coffee traders dramatically increased in the last three days the amount of arabica coffee bags they are sending to the qualified stocks of ICE exchange, causing prices to crash on Thursday, according to brokers and ICE data. There were almost 105,000 bags of coffee pending grading to go into ICE certified arabica stocks, according to the most recent report from the exchange, a sharp boost from the 28,585 bags seen at the end of recently. On Thursday alone, the exchange reported the arrival of around 50,000 bags of Brazilian coffee at certified storage facilities of ICE at the ports of...