Late Season
(Ancillary Products)
The varieties harvested in spring are shipped as fresh fruit and processed into canned single strength juice, chilled juice and frozen concentrate, eg Valencia.
LEAFY
(Tea - Dry Leaf Description)
Usually Orthodox manufacture leaf tending to be large for the classification
LIFFE
(Coffee Market)
London International Financial Futures Exchange.
LIGHT
(Tea - Dry Leaf Description)
Particles light in weight and of poor density, sometimes flakey
LIGHT
(Tea - Liquors)
Lacking colour and body
LIQUIDATE
(Coffee Market)
A position is liquidated when a trader who is “long” sells an equivalent contract or a trader who is “short” buys an equivalent contract.
LOCALS
(Coffee Market)
Exchange members who trade on their own account.
LONG
(Coffee Market)
(Buyer) Holding contracts for acceptance of a commodity at a future date. (See short)
LONG LIFE
(Ancillary Products)
UHT
LOT
(Coffee Market)
Commodity markets trade in units called “lots” in London a “lot” of coffee is 5 tonnes Robusta. In New York a “lot” is 37,500 Ibs Arabica equal to approximately 250 bags.
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