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
Related Posts
The market was almost entirely in the red as prices for 6 out of 7 agricultural products dropped on August 13.
Strong selling pressure returns to the global commodity markets.
14 tháng 8, 2024
India’s role as a key supplier to the global grains market has diminished over the past 3 years.
Domestic Demand and Trade Restrictions Reduce India Grain Exports
.png)
14 tháng 8, 2024
The prices of both types of coffee have sharply rebounded. Concerns over supply disruptions caused by frost in Brazil over the past weekend have driven coffee prices back up.
Coffee News August 13, 2024
13 tháng 8, 2024
Related Post
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.
Add a Title
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.
Add a Title
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.
Add a Title