Every day millions of bags of coffee leave the producing countries to satisfy the palates of millions of consumers around the world.Therefore, the coffee market is a world market with a huge volume of trade, and presiding over it is TheICO (International Coffee Organization) to which almost all the producing countries and almost all the consuming countries adhere. Coffee exchange listing takes place daily on Wall Street, London, Paris and Le Havre.
Specifically examining the American and British Exchanges, the New York Coffee Sugar and Cocoa (Nycsc) covers Arabica batch quotations and the London Coffee Terminal Market follows Robusta prices. These two centers are governed by rules based on product classification standards, and the descriptions of coffee types are so detailed for each individual batch that it is possible to estimate their value with great accuracy.