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Colombia's coffee federation is proposing to stop pricing its coffee at a differential to New York futures and instead set prices between $1.40 and $1.50 per pound. The federation has begun discussions with other producers about the change.
A fixed-price regime could divert buyers away from NY coffee futures, reducing liquidity and reference-price relevance for the market; the effect on feed commodities is minimal.
reuters.comJulia Symmes CobbMar 19, 2019Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
