Coffee News August 01, 2024
1 thg 8, 2024
Domestic Coffee Prices Situation:
Today's domestic coffee prices range from 123,000 to 123,500 VND/kg, with an average of 123,400 VND/kg, down 100 VND compared to yesterday. The highest buying price is in Dak Nong province at 123,500 VND/kg, while the lowest is in Lam Dong province at 123,000 VND/kg.
Global Coffee Market Situation
The prices of both coffee types fell in the last session following the Fed's decision to keep interest rates unchanged and significant improvements in supply from Brazil.
The price of the September 2024 Arabica Coffee Futures Contract turned downward. Specifically, the settlement price on July 31 was 229.2 cents per pound, down 0.69% compared to the previous session.
September 2024 Arabica Coffee Futures price quotes (KCEU24):
Date | Settlement Price (cent/pound) | Change (USD) | Change (%) |
7/23/2024 | 239.1 | ||
7/24/2024 | 231.15 | -7.95 | -3.32% |
7/25/2024 | 234.7 | 3.55 | 1.54% |
7/26/2024 | 230.25 | -4.45 | -1.90% |
7/29/2024 | 230.4 | 0.15 | 0.07% |
7/30/2024 | 230.8 | 0.40 | 0.17% |
7/31/2024 | 229.2 | -1.60 | -0.69% |
The September 2024 Robusta Coffee Futures Contract experienced its fourth consecutive decline. Specifically, the settlement price on July 31 was $4,261 per ton, down 0.12% compared to the previous session.
September 2024 Robusta Coffee Futures price quotes (LRCU24)
Date | Settlement Price (cent/pound) | Change (USD) | Change (%) |
|---|---|---|---|
7/23/2024 | 4,481 | ||
7/24/2024 | 4,327 | -154 | -3.44% |
7/25/2024 | 4,395 | 68 | 1.57% |
7/26/2024 | 4,302 | -93 | -2.12% |
7/29/2024 | 4,267 | -35 | -0.81% |
7/30/2024 | 4,266 | -1 | -0.02% |
7/31/2024 | 4,261 | -5 | -0.12% |
Source: Multiple sources
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