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% |
Related Posts
The market was almost entirely in the red as prices for 6 out of 7 agricultural products dropped on August 13.
Strong selling pressure returns to the global commodity markets.
14 tháng 8, 2024
India’s role as a key supplier to the global grains market has diminished over the past 3 years.
Domestic Demand and Trade Restrictions Reduce India Grain Exports
.png)
14 tháng 8, 2024
The prices of both types of coffee have sharply rebounded. Concerns over supply disruptions caused by frost in Brazil over the past weekend have driven coffee prices back up.
Coffee News August 13, 2024
13 tháng 8, 2024
Related Post
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.
Add a Title
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.
Add a Title
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.
Add a Title