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CONTRACT SPECIFICATION
Traded Commodity | ICE Robusta Coffee |
Commodity Code | LRC |
Contract Size | 10 tons / Lot |
Quotation Unit | USD / ton |
Trading Hours (GMT+7) | Monday - Friday 15:00 - 23:30 |
Price Increment | 1 USD / ton |
Expiration Months | January, March, May, July, September, November, with a total of 10 listed months |
Registration Deadline for Delivery | 5 days before the first notice day |
First Notice Day | The 4th business day before the first business day of the expiration month |
Last Trading Day | The 4th business day before the last business day of the expiration month at 19:30 |
Margin | As regulated by MXV |
Position Limits | As regulated by MXV |
Price Fluctuation Limit | No restrictions |
Payment Method | Physical delivery |
Quality Standards | Robusta Coffee Type 1, Type 2, Type 3 |
QUALITY STANDARDS
According to the Regulations for ICE EU Robusta Coffee Products traded on the ICE EU Commodity Exchange:
Robusta coffee accepted for trading includes Types 1, 2, and 3, which meet the delivery standards of the ICE EU Commodity Exchange. Robusta coffee classification is aligned with the grading method of the Specialty Coffee Association of America (SCAA), as outlined below:
SCAA Coffee Grading Method - Specialty Coffee Association of America:
Three hundred grams of coffee beans are used as a sample with sieve sizes 14, 15, 16, 17, and 18. The beans retained on each sieve are measured for weight, and the retained percentage is calculated after sieving.
- Type 1 Coffee: The beans have no more than 5 defects per 300 grams. There are no primary defects in the beans. A maximum of 5% of the weight is retained on the used sieve. The coffee exhibits at least one distinguishing characteristic in the beans, flavor, aroma, or acidity. No defective, rotten, or immature beans are allowed. Moisture content ranges from 9-13%.
- Type 2 Coffee: Contains no more than 8 total defects in 300 grams. Primary defects in the beans are permitted. A maximum of 5% of the weight is retained on the used sieve. At least one distinguishing characteristic in flavor, aroma, or acidity must be present. No defective beans are allowed, and it may contain up to 3 immature beans. Moisture content is between 9-13%.
- Type 3 Coffee: Contains no more than 9-23 total defects in 300 grams. It must retain 50% of the weight on sieve size 15, with no more than 5% of the weight on sieves smaller than size 14. Up to 5 immature beans are allowed. Moisture content is between 9-13%.
- Type 4 Coffee: 24-86 defective beans in 300 grams.
- Type 5 Coffee: More than 86 defects in 300 grams.