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ICE LIFFE Robusta Coffee Futures Contract (London)

ICE Futures Europe (London, formerly LIFFE) operates the global Robusta coffee benchmark contract (symbol RC) — 10-tonne lots, USD per tonne, delivery in GrainPro or burlap at approved warehouses in Hamburg, Rotterdam, Antwerp, Barcelona, Le Havre, and New Orleans. The Robusta futures price provides the reference for ~90%+ of physical Robusta green bean contracts globally (traded at differentials to the futures price). In early 2025, ICE Robusta futures hit approximately $5,500/tonne — the highest price in 30+ years — driven by Vietnam drought (El Niño 2023) cutting supply ~20% and persistent demand growth from instant coffee manufacturers. The London price spike was transmitted directly to instant coffee retail prices globally. Source: https://www.ice.com/products/37623/Robusta-Coffee-Futures