A “surprisingly low” delivery rate is reducing the industry’s ability to take out inventories in a “timely manner,” London-based brokerage Marex Spectron Group said this month. The European Warehousekeepers Federation is “aware” of complaints by the European Coffee Federation about the pace of deliveries to the NYSE Liffe exchange, Jack Steijn, secretary general of the Amsterdam-based warehouse group, said Nov. 16.
“We are not having a problem because we don’t usually take delivery of coffee from the exchange,” Michela Stama, director of Lavazza’s coffee-buying department, said by phone from Turin today.
Lavazza, a maker of espresso coffee, controls 48 percent of Italy’s market by retail value, according to its website.
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