NEW YORK, April 2 ICE Futures U.S. said on
Tuesday that nearly 25,000 60-kilogram bags of certified coffee
stored in New Jersey can now be delivered, after temporarily
losing this status following warehouse damage from Superstorm
The exchange restored the deliverable status of all 24,700
bags of certified coffee in a licensed Continental Terminals
warehouse in Kearney, N.J. This is 70 percent of all the
certified coffee that had originally been flagged as
undeliverable after the storm flooded parts of New York and New
Jersey at the end of October.
The coffee was flagged on Nov. 16, 2012, after the building
sustained water damage from the hurricane.
The deliverable status of the coffee was restored after the
Board of Coffee Graders examined samples for signs of mold,
odors or other conditions that could have been caused by the
water damage that the warehouse sustained, ICE said.
The building had been placed under a moratorium, which
prevented the storage facility from receiving or delivering any
certified cocoa and coffee, in November. This was lifted on
Continental operates five ICE certified cocoa warehouses and
three certified coffee warehouses in New Jersey. Continental
reported a total of 7,100 bags (137 lbs-152 lbs) of certified
cocoa and 35,000 bags of certified arabica coffee were in
warehouses that had sustained damage, causing them to lose the
ability to be delivered.
This accounted for 0.9 percent of the certified cocoa and
8.2 percent of the certified coffee stored in the Port of New
York at that time.