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Ceiling
A term used in the system of indicator prices. The ceiling is the upper limit in the price ranges established for the purpose of adjusting quotas in response to movements in prices. * See also Adjustment of quotas; Floor., Indicator prices; Price ranges
AREAS: COFFEE CATEGORIES: ICO MARKET
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Coffee
General term for the fruits (cherries) and seeds (beans) of plants of the genus Coffea, as well as products from these fruits and seeds in different stages of processing and use.
* See coffee basics for detail information...
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Coffee Futures Market
The primary international marketplace for trading coffee futures contracts. Arabica futures contracts are traded on the New York Coffee, Sugar, and Cocoa Exchange; robusta futures contracts are traded on the London Futures Exchange.
AREAS: COFFEE CATEGORIES: MARKET TERMS
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Coffee'C'contract
A legally binding agreement to make or take delivery of 37,500 pounds of washed arabica, from a specified country, during a desig- nated future month, and at a market-derived price. This price governs the price of most arabica coffees. throughout the world.
AREAS: COFFEE CATEGORIES: TERMS MARKET
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Disappearance
A measure of consumption providing an indication of the volume of coffee entering the marketing channels in importing Member countries in a given period. It is estimated by deducting re.exports from gross imports and adjusting the resulting figure for changes in visible inventories. This method does not take into account changes in invisible inventories such as larder and shelf stocks.
AREAS: COFFEE CATEGORIES: MARKET ICO
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Floor
A term used in the system of indicator prices. The floor is the lower limit in the price ranges established for the purpose of adjusting quotas in response to movements in prices. * See also Adjustment of quotas; Ceiling; Indicator prices; Price ranges
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Futures price
The price level for shipments of standard quality coffee, established on the floor of a futures exchange.
AREAS: COFFEE CATEGORIES: TERMS MARKET
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Increase
An upward adjustment to quotas under the system for adjusting quotas in response to movements in the composite indicator price or group indicator prices. Increases may be applied globally or selectively. * See also Adjustment of quotas
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Indicator prices
Representative prices for coffee, including a composite indicator price for coffee as a whole and group indicator prices for Other Mild Arabicas and Robustas. The prices are compiled daily from quotations for prompt shipment obtained from various major coffee markets (New York, Bremen/Hamburg and Le Havre/Marseilles) and are weighted to reflect the participation of the various coffees in world trade. Prices are expressed in US cents per pound of green coffee. * See also Composite indicator prices; Price differentials; Price ranges
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Market conditions/situation
The situation of the world coffee market as assessed from trends in production, trade, consumption and prices.
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Moving average
An artificially constructed time series in which each figure (annual, monthly, daily) is replaced by the average, i.e. arithmetic mean of itself and values corresponding to a number of preceding periods. For instance, in a 15.day moving average each daily figure is replaced by the mean of itself and those of the immediately preceding 14 days.
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Price differentials
The difference between the indicator prices for the four principal groups of coffee (Colombian Mild Arabicas, Other Mild Arabicas, Brazilian Natural Arabicas, and Robustas) which may be taken into account in applying the indicator price system. * See also Indicator prices
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