Did you know that Arabica coffee is traded in New York at the Intercontinental Exchange â€“ the ICE? Our prices at Coffee Express are directly related to the price at which coffee is traded on the exchange. There are two markets for coffee: the cash -or â€œspotâ€- market, which is the price we would pay for green coffee if we purchased it (and wanted it shipped) today.The second is the futures market price. The futures market for commodities like coffee is used to help protect against the wild variations that occur due to speculation, and events such as bad weather.
February 7, 2012