Coffee News July 01, 2024
1 thg 7, 2024
Domestic coffee price situation:
Domestic coffee prices today fluctuate between 119,000 - 120,300 VND/kg, averaging at 120,100 VND/kg, a slight increase of 900 VND compared to the previous day. The highest buying price is in Dak Nong province at 120,300 VND/kg. The lowest is in Lam Dong province with 119,000 VND/kg.
Global coffee situation
The Brazilian currency devalued by 5.87% in June compared to the US USD, as well as concerns about a decline in Brazilian coffee production, causing roasters to step up the purchase of reserves to help keep Arabica coffee prices stable. continues to increase even though the harvest is in full swing.
Arabica Coffee Contract September 2024 prices continue to increase slightly. Specifically, the settlement price on June 28 was 226.8 cents/pound, up 0.2% compared to the previous session.
September 2024 Arabica Coffee Futures price quotes (KCEU24)
Date | Settlement Price (cent/pound) | Change (USD) | Change (%) |
6/20/2024 | 230.35 | ||
6/21/2024 | 225.0 | -5.35 | -2.32% |
6/24/2024 | 236.25 | 11.25 | 5.00% |
6/25/2024 | 229.3 | -6.95 | -2.94% |
6/26/2024 | 224.35 | -4.95 | -2.16% |
6/27/2024 | 226.35 | 2.00 | 0.89% |
6/28/2024 | 226.8 | 0.45 | 0.20% |
Robusta Coffee Contract price September 2024 continues to decrease. Specifically, the settlement price on June 28 was 4,011 USD/ton, down 0.89% compared to the previous session.
September 2024 Robusta Coffee Futures price quotes (LRCU24)
Date | Settlement Price (cent/pound) | Change (USD) | Change (%) |
|---|---|---|---|
6/20/2024 | 4,176 | ||
6/21/2024 | 4,104 | -72 | -1.72% |
6/24/2024 | 4,252 | 148 | 3.61% |
6/25/2024 | 4,117 | -135 | -3.17% |
6/26/2024 | 4,059 | -58 | -1.41% |
6/27/2024 | 4,047 | -12 | -0.30% |
6/28/2024 | 4,011 | -36 | -0.89% |
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