Conilon Robusta Coffee

Conilon Robusta Coffee Futures Contract

• The product

  Coffee is a globally consumed commodity, and Brazil has stood out as one of the largest producers of Conilon and Robusta coffee, mainly cultivated in Espírito Santo but also present in other regions of the country.

  The contract was developed with the aim of being a tool for managing price fluctuation risk, being used by market participants such as producers, industry, trading companies, among others.

  Additionally, this contract can be settled financially before maturity or at maturity through the physical delivery of the commodity in warehouses registered with B3. In case of delivery in a location different from the Municipality of Vitória, the freight cost will be deducted to determine the settlement value.

• Specifications

  Underlying	Raw coffee beans, Brazilian production, Coffea canephora, type 7-35 or better, for delivery in the Municipality of Vitória, State of Espírito Santo, Brazil.
  Ticker	CNL
  Contract size	100 (one hundred) bags of 60kg (sixty kilograms) (equivalent to 6 metric tons).
  Quotation	Reais (R$) per bag, with two decimal places.
  Tick size	R$0.01
  Expiration date	The sixth trading session day prior to the last business day of the expiration month. If this day is not a trading session day, the expiration date will be the next trading session.
  Contract months	January, March, May, July, September, and November.
  Settlement on expiration	Physical.