Honduran coffee beans are receiving premiums because of delays following rains
Sellers are demanding a premium for coffee from Honduras, Central America’s largest producer, reversing a discount last week, as rains delay bean arrivals, according to Volcafe, the coffee unit of ED&F Man Holdings.
Honduran beans are at a premium of 5 cents a pound to the price on the ICE Futures US exchange in New York, up from a discount of 2 cents a pound last week.
“A cold front and some rains are further delaying the arrival of the coffee,” Volcafe said.
Original source: Bloomberg