Coffee News September 9, 2024
9 thg 9, 2024
Domestic Coffee Prices:
Today's domestic coffee prices range from 117,700 to 118,300 VND/kg, with an average of 118,000 VND/kg, down 400 VND compared to yesterday. The highest purchasing price is in Đắk Nông province at 118,300 VND/kg, while the lowest is in Lâm Đồng province at 117,700 VND/kg.
Global Coffee Market:
Global coffee prices dropped sharply at the end of last week due to a significant increase in global coffee exports, following a report from the International Coffee Organization (ICO).
December 2024 Arabica Coffee Futures:
The December 2024 Arabica coffee futures contract saw a reversal and decline. The settlement price on September 6 was 236 cents/pound, a decrease of 3.36% compared to the previous session.
Date | Settlement Price (cents/pound) | Price Change (USD) | Percentage Change (%) |
8/29/2024 | 247.60 | ||
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% |
9/5/2024 | 244.20 | 0.50 | 0.21% |
9/6/2024 | 236.00 | -8.20 | -3.36% |
November 2024 Robusta Coffee Futures:
The November 2024 Robusta coffee futures contract also continued to decline. The settlement price on September 6 was 4,770 USD/ton, a drop of 2.87% compared to the previous session.
Date | Settlement Price (USD/ton) | Price Change (USD) | Percentage Change (%) |
8/29/2024 | 4,901 | ||
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% |
9/5/2024 | 4,911 | -1 | -0.02% |
9/6/2024 | 4,770 | -141 | -2.87% |
Source: Compiled Data
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