Coffee News August 02, 2024
2 thg 8, 2024
Domestic Coffee Prices Situation:
Today's domestic coffee prices range from 122,600 to 123,000 VND/kg, with an average of 122,800 VND/kg, down 500 VND compared to yesterday. The highest buying price is in Dak Lak and Dak Nong provinces at 123,000 VND/kg, while the lowest is in Lam Dong province at 122,600 VND/kg.
Global Coffee Market Situation
The prices of both coffee types continued to decline in the last session amid the strong rise of the USD and the depreciation of the Brazilian real.
The price of the September 2024 Arabica Coffee Futures Contract continued to decrease. Specifically, the settlement price on August 1 was 227.25 cents per pound, down 0.85% compared to the previous session.
September 2024 Arabica Coffee Futures price quotes (KCEU24)
Date | Settlement Price (cent/pound) | Change (USD) | Change (%) |
|---|---|---|---|
7/24/2024 | 231.15 | ||
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% |
8/1/2024 | 227.25 | -1.95 | -0.85% |
The September 2024 Robusta Coffee Futures Contract experienced its fifth consecutive decline. Specifically, the settlement price on August 1 was $4,225 per ton, down 0.84% compared to the previous session.
September 2024 Robusta Coffee Futures price quotes (LRCU24)
Date | Settlement Price (cent/pound) | Change (USD) | Change (%) |
7/24/2024 | 4,327 | ||
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% |
8/1/2024 | 4,225 | -36 | -0.84% |
Source: Multiple sources
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