They simply state that approved beans should be free from 'unwashed flavours'. The four traders estimated that almost all those bags include unwashed grades, and one trader said some bags contain almost entirely unwashed.Īlthough ICE price contracts are meant to represent the value of premium-grade arabicas, its rules do not expressly forbid officials from approving unwashed arabicas for contract settlement. The traders declined to be identified as they were not authorized to speak to the media.Ĭurrently about 30% of approved stock sitting in ICE warehouses comes from Brazil, data shows. Late last year, significant volumes of Brazil's unwashed grades started to appear along with semi-washed grades in bags sent to the exchange so they can be used to settle its contracts, four of the traders said. Over time, however, Brazilian farmers have improved the taste of their unwashed and semi-washed coffee. Washed beans from Africa, Colombia, Central America and Peru have long been valued for superior flavour.
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