NEW YORK, USA – Effective with the May 2027 expiration,¹ ICE Futures U.S. is implementing amendments to Coffee “C” Rule 8.03 and to Appendices II (h) and IV (2) to add Vietnam as a deliverable origin on the “C” futures contract, at a differential of 6 cents per pound under par.
The amended Rule can be found in the Attachment. Complete current Rules for the Coffee futures and options contracts can be found here.
Attachment
(In the text of the amendments below, additions are underscored and deletions are bracketed and lined through.)
Rule 8.03. Coffee “C” Lot
A Lot of Coffee “C” shall consist of thirty-seven thousand five hundred (37,500) pounds of washed arabica coffee of the growths of Brazil, Burundi, Colombia, Costa Rica, Dominican Republic, Ecuador, Guatemala, Honduras, India, Kenya, Mexico, Papua New Guinea, Nicaragua, Panama, Peru, Rwanda, Salvador, Tanzania, Uganda, [or] Venezuela or Vietnam.
Appendix II
Procedures for Grading Coffee and Issuance of Certificates of Grade
The following procedures must be followed by Members and Licensees in connection with the grading of Coffee “C”:
(h) Schedule of Bases.
For purposes of these procedures, the bases of various growths of coffee are as follows:
(1) Coffee of Guatemala, Salvador, Mexico, Costa Rica, Nicaragua, Honduras, Kenya, Tanzania, Uganda, Papua New Guinea, Peru, Venezuela, Dominican Republic, Burundi, Ecuador, India, Rwanda, Brazil, Vietnam and Panama—eight (8) full imperfections; and
(2) Coffee of Colombia—thirteen (13) full imperfections.
(balance of the Rule unchanged)
Appendix IV
Coffee “C” Differentials
(2) The differences in value between various grades and growths shall be as follows:
Schedule C-2
Mexico, Salvador, Nicaragua, Papua New Guinea, Tanzania, Uganda, Panama, Peru and Honduras Basis
Guatemala Plus 500 pts.
Colombia, Costa Rica and Kenya Plus 1000 pts.
Venezuela, Burundi, Rwanda and India Minus 100 pts.
Dominican Republic, Ecuador Minus 400 pts.
Brazil, and Vietnam Minus 600 pts.
(balance of the Rule unchanged.)
¹ Pending regulatory approval
