FuturesICECommodity
The C-Price
The global commodity benchmark
Most of the world's Arabica is priced off the ICE 'C' contract in New York — a futures market in cents per pound. It can swing 30% in a season on weather, currency, or speculation, with little relationship to a specific farmer's costs of production. For decades the C has often traded below the cost of growing coffee.
CRAFT NOTE
When you hear 'farmers got paid more than the C this year' — that's the win condition. Specialty exists, in part, to decouple from the C.