Updated: Feb 10, 2022
#Tradehouses have shipped at least 18,000 MT of #Robusta from #Indonesia and #Vietnam to #Europe in the month of January and there are more shipments on the way. These shipments are notable for 2 very specific reasons:
1) these were shipped “break bulk” ie without containers,
2) reports indicate that some (not all) undisclosed portion of these are intended to be certified. The net effect of this news is a collapse in the front month robusta #spreads.
This is potentially a game changer in #coffee--at least for Robusta spreads, but there are still a lot mitigating factors.