Coffee News July 10, 2024
10 thg 7, 2024
Domestic Coffee Price
The price of coffee in Vietnam today ranges from 127,100 to 127,700 VND/kg, with an average of 127,700 VND/kg, showing a significant increase of 2,000 VND compared to the previous day. The highest buying price is in Gia Lai and Đăk Lăk provinces at 127,700 VND/kg, while the lowest is in Lâm Đồng province at 127,100 VND/kg.
Global Coffee Market Situation
The tightening of supply due to slow exports from Vietnam and weather issues has caused coffee prices to rise. The supply in the world's leading Robusta-producing country is expected to remain tight until the new harvest begins to accelerate in November. Traders believe that the subdued export situation and supply shortage in Vietnam could last until November this year, when the new harvest starts.
The September 2024 Coffee Arabica futures contract continues its upward trend. Specifically, the settlement price on July 9 was 249.95 cents per pound, up 6.63% compared to the previous session.
September 2024 Coffee Arabica Futures Prices (KCEU24)
Date | Settlement Price (cent/pound) | Change (USD) | Change (%) |
7/1/2024 | 224.85 | ||
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% |
7/9/2024 | 249.95 | 15.55 | 6.63% |
The September 2024 Coffee Robusta futures contract continues to exhibit a strong upward trend. Specifically, the settlement price on July 9 was $4,634 per metric ton, an increase of 6.58% compared to the previous session.
September 2024 Coffee Robusta Futures Prices (LRCU24)
Date | Settlement Price (cent/pound) | Change (USD) | Change (%) |
|---|---|---|---|
7/1/2024 | 4,067 | ||
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% |
7/9/2024 | 4,634 | 286 | 6.58% |
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