Coffee News July 09, 2024
9 thg 7, 2024
Domestic Price
Domestic coffee prices today ranged from 125,100 to 125,700 VND/kg, with an average price of 125,700 VND/kg, a strong increase of 1,400 VND compared to the previous day. The highest buying price is in Gia Lai and Đăk Lăk provinces at 125,700 VND/kg, while the lowest is in Lâm Đồng province at 125,100 VND/kg.
Global Coffee Prices
Global coffee prices surged strongly at the start of the week today upon receiving news that the Fed might cut interest rates in the near future.
The September 2024 Arabica Coffee Contract continued to rise. Specifically, the settlement price on July 8 was 234.4 cents/pound, up 2.38% compared to the previous session.
Arabica Coffee Contract September 2024 Price (KCEU24)
Date | Settlement Price (cent/pound) | Change (USD) | Change (%) |
6/28/2024 | 226.8 | ||
7/1/2024 | 224.85 | -1.95 | -0.86% |
7/2/2024 | 227.3 | 2.45 | 1.09% |
7/3/2024 | 224.2 | -3.10 | -1.36% |
7/4/2024 | 224.2 | 0.00 | 0.00% |
7/5/2024 | 228.95 | 4.75 | 2.12% |
7/8/2024 | 234.4 | 5.45 | 2.38% |
September 2024 Robusta Coffee Contract prices show a strong upward trend. Specifically, the settlement price on July 8 was $4,348 per ton, up 3.89% compared to the previous session.
Robusta Coffee Contract September 2024 Price (LRCU24)
Date | Settlement Price (cent/pound) | Change (USD) | Change (%) |
|---|---|---|---|
6/28/2024 | 4,011 | ||
7/1/2024 | 4,067 | 56 | 1.40% |
7/2/2024 | 4,092 | 25 | 0.61% |
7/3/2024 | 4,058 | -34 | -0.83% |
7/4/2024 | 4,153 | 95 | 2.34% |
7/5/2024 | 4,185 | 32 | 0.77% |
7/8/2024 | 4,348 | 163 | 3.89% |
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