Coffee News July 11, 2024
11 thg 7, 2024
Domestic Coffee Prices
Domestic coffee prices today range from 127,100 to 127,700 VND/kg, with an average price of 127,700 VND/kg, marking a strong increase of 2,000 VND from 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 market supply has increased due to the positive harvest progress in Brazil, enabling Brazilian farmers to accelerate sales of the new crop.
The price of the September 2024 Arabica Coffee Futures contract has turned down. Specifically, the settlement price on July 10th was 243.55 cents/pound, a decrease of 2.56% compared to the previous session.
September 2024 Arabica Coffee Futures Price (KCEU24)
Date | Settlement Price (cent/pound) | Change (USD) | Change (%) |
7/2/2024 | 227.3 | ||
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% |
7/10/2024 | 243.55 | -6.40 | -2.56% |
The price of the September 2024 Robusta Coffee Futures contract has also turned down. Specifically, the settlement price on July 10th was $4,477 per ton, a decrease of 3.39% compared to the previous session.
September 2024 Robusta Coffee Futures Price (LRCU24)
Date | Settlement Price (cent/pound) | Change (USD) | Change (%) |
|---|---|---|---|
7/2/2024 | 4,092 | ||
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% |
7/10/2024 | 4,477 | -157 | -3.39% |
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