Coffee News September 5, 2024
5 thg 9, 2024
Domestic Coffee Prices:
Today, domestic coffee prices range from 119,400 to 120,500 VND/kg, with an average of 119,900 VND/kg, an increase of 2,100 VND from the previous day. The highest price was recorded in Đắk Nông at 120,500 VND/kg, while the lowest was in Lâm Đồng at 119,400 VND/kg.
Global Coffee Market:The weakening USD and reports of severe drought in Brazil are intensifying concerns over the global coffee supply.
Arabica Coffee Futures (December 2024):Arabica Coffee Futures for December 2024 rebounded, with the settlement price on September 4th reaching 243.70 cents/pound, an increase of 0.37% compared to the previous day.
Date | Settlement Price (USD/Ton) | Price Change (USD) | Price Change Rate (%) |
8/27/2024 | 255.25 |
|
|
8/28/2024 | 256.45 | 1.20 | 0.47% |
8/29/2024 | 247.60 | -8.85 | -3.45% |
8/30/2024 | 244.05 | -3.55 | -1.43% |
9/2/2024 | 244.05 | 0.00 | 0.00% |
9/3/2024 | 242.80 | -1.25 | -0.51% |
9/4/2024 | 243.70 | 0.90 | 0.37% |
Robusta Coffee Futures (November 2024):
Robusta Coffee Futures for November 2024 also saw a rise, with the settlement price on September 4th at 4,912 USD/ton, up 4.29% from the previous day.
Date | Settlement Price (USD/Ton) | Price Change (USD) | Price Change Rate (%) |
8/27/2024 | 4,846 | ||
8/28/2024 | 4,926 | 80 | 1.65% |
8/29/2024 | 4,901 | -25 | -0.51% |
8/30/2024 | 4,948 | 47 | 0.96% |
9/2/2024 | 4,700 | -248 | -5.01% |
9/3/2024 | 4,710 | 10 | 0.21% |
9/4/2024 | 4,912 | 202 | 4.29% |
Source: Multiple sources.
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