Coffee Traders' Forum - A Discussion about Coffee Futures Trading
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I am afraid that November shipment will not exceed October according to Cecafe data.
Correct me if I am wrong but they published the below data.
No of November issued certificates is 2 955 014, which is just a bit below October number of issued certificates (2 978 065).
The actual volume is probably still subject to change in coming days, but so far it is not impressively high,
rather the opposite with 2 249 221 bags (compared to October's actual export of 2 747 367 bags).
Even utilization of all certificates issued in November would still result in 10% decrease YoY and 15% decrease against November 2015