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Coffee News October 7, 2024

7 thg 10, 2024

Domestic Coffee Prices:

As of today, domestic coffee prices range from 115,500 to 116,100 VND/kg, with an average of 115,900 VND/kg, down by 100 VND compared to yesterday. The highest purchasing price is recorded in Đắk Lắk and Đắk Nông provinces at 116,100 VND/kg, while the lowest is in Lâm Đồng province at 115,500 VND/kg.

Global Coffee Market:

Dry weather in Brazil, coupled with a forecasted production decline in Vietnam and a weakening US dollar, has raised concerns about global coffee supply, putting upward pressure on coffee prices.


December 2024 Arabica Coffee Contract Prices:

The December 2024 Arabica Coffee contract prices have reversed. Specifically, the settlement price on October 4 was 257.35 cents/pound, up 2.10% from the previous session.

Date

Settlement Price (cents/pound)

Price Change (USD)

Price Change (%)

9/26/2024

273.90



9/27/2024

269.15

-4.75

-1.73%

9/30/2024

270.25

1.10

0.41%

10/1/2024

264.15

-6.10

-2.26%

10/2/2024

256.50

-7.65

-2.90%

10/3/2024

252.05

-4.45

-1.73%

10/4/2024

257.35

5.30

2.10%

November 2024 Robusta Coffee Contract Prices:

The November 2024 Robusta Coffee contract prices have also increased. The settlement price on October 4 was 5,067 USD/ton, up 2.97% from the previous session.

Date

Settlement Price (USD/ton)

Price Change (USD)

Price Change (%)

9/26/2024

5,527



9/27/2024

5,482

-45

-0.81%

9/30/2024

5,498

16

0.29%

10/1/2024

5,445

-53

-0.96%

10/2/2024

5,111

-334

-6.13%

10/3/2024

4,921

-190

-3.72%

10/4/2024

5,067

146

2.97%

Source: Compiled Data

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