Coffee News August 05, 2024
5 thg 8, 2024
Domestic Coffee Prices Situation:
Today's domestic coffee prices range from 122,000 to 122,600 VND/kg, with an average of 122,400 VND/kg, down 500 VND compared to yesterday. The highest buying price is in Dak Nong province at 122,600 VND/kg, while the lowest is in Lam Dong province at 122,000 VND/kg.
Global Coffee Market Situation
Last Weekend, the Sharp Decline of the U.S. Dollar Boosted Arabica Coffee Prices. As a result, Robusta coffee prices also saw a slight increase.
The price of the September 2024 Arabica Coffee Futures Contract rebounded. Specifically, the settlement price on August 2 was 230.5 cents per pound, up 1.43% compared to the previous session.
September 2024 Arabica Coffee Futures price quotes (KCEU24)
Date | Settlement Price (cent/pound) | Change (USD) | Change (%) |
|---|---|---|---|
7/25/2024 | 234.7 | ||
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% |
8/2/2024 | 230.5 | 3.25 | 1.43% |
The September 2024 Robusta Coffee Futures Contract also saw a slight increase after a deep decline. Specifically, the settlement price on August 2 was $4,227 per ton, up 0.05% compared to the previous session.
September 2024 Robusta Coffee Futures price quotes (LRCU24)
Date | Settlement Price (cent/pound) | Change (USD) | Change (%) |
7/25/2024 | 4,395 | ||
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% |
8/2/2024 | 4,227 | 2 | 0.05% |
Source: Multiple sources
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