Coffee News Recap, 6 Jun: Arabica futures contracts to be priced in tonnes, 2025 WAC will be held in Seoul & other stories
Every Friday, Perfect Daily Grind rounds up the top coffee industry news from the week.
Editor’s note
New York’s Intercontinental Exchange (ICE) recently announced that as of March 2028, arabica futures contracts will no longer be priced in US cents per pound. Instead, ICE will implement a US $/tonne (or metric ton) pricing mechanism, although a new date has not yet been confirmed for this transition. This aligns New York and London arabica futures contracts, making conversions from tonne… read more