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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