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Coffee News July 03, 2024

3 thg 7, 2024

Domestic Coffee Prices

Today, domestic coffee prices range from 120,700 to 122,000 VND/kg, with an average of 121,800 VND/kg, marking an increase of 500 VND from the previous day. The highest purchase price is in Đăk Nông province at 122,000 VND/kg, while the lowest is in Lâm Đồng province at 120,700 VND/kg.

Global Coffee Market

Robusta continues to rise amid low coffee export volumes from various countries. Meanwhile, Arabica has rebounded as the USD weakens.


The September 2024 Arabica Coffee Contract has increased. Specifically, the settlement price on July 2 was 227.3 cents/pound, up 1.09% from the previous session.

September 2024 Arabica Coffee Contract Prices (KCEU24)

Date

Settlement Price (cent/pound)

Change (USD)

Change (%)

6/24/2024

236.25



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%

7/1/2024

224.85

-1.95

-0.86%

7/2/2024

227.3

2.45

1.09%

September 2024 Robusta Coffee Contract prices continue to rise. Specifically, the settlement price on July 2 was $4,092 per ton, up 0.61% from the previous session.

September 2024 Robusta Coffee Contract Prices (LRCU24)

Date

Settlement Price (cent/pound)

Change (USD)

Change (%)

6/24/2024

4,252



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%

7/1/2024

4,067

56

1.40%

7/2/2024

4,092

25

0.61%


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At the close of Tuesday’s session, oil prices fell to their lowest levels in three years after OPEC lowered its forecast for oil demand this year and next.

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