Export Activities

• Group 1

Differentials keep widening with all qualities now offered/traded at very cheap differentials on historical basis. It looks a paradox that Brazil’s prices are so cheap but attracts no new buying while Central America and Colombians differentials continue with huge premiums over ICE-NY, with business reported at premiums of US$100.00 c/lb over ICE-NY. This situation tend to aggravate as long as Brazilian harvesting advances therefore should make further pressure on differentials rather than affect ICE-NY prices which has been drivenupwards by washed coffees shortage.

• Group 2

RM 17/18 current crop for June shipment traded in small volume at prices between U$108.00 and US$110.00 while offers for July and August are seen around US$40.00 c/lb under ICE_NY-U.

• Conilons

FOB offers are still around LIFFE level with almost nothing reported.

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