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Coffee News October 14, 2024

14 thg 10, 2024

Domestic Coffee Price Situation:

Today, domestic coffee prices range from 113,100 to 113,600 VND/kg, with an average of 113,400 VND/kg, a decrease of 100 VND compared to the previous day. The highest buying price is recorded in Đắk Lắk and Đắk Nông provinces at 113,600 VND/kg, while the lowest is in Lâm Đồng province at 113,100 VND/kg.

Global Coffee Market Situation:

Despite the FED lowering interest rates, tensions in the Middle East and Europe's delay in implementing the EUDR (European Union Deforestation Regulation) have pushed coffee prices downward.


December 2024 Arabica Coffee Futures Contract:

The price of the December 2024 Arabica Coffee Futures Contract reversed and declined. Specifically, the settlement price on October 11 was 252.05 cents/pound, down 1.05% compared to the previous session.

Date

Settlement Price (cents/pound)

Price Change (USD)

Percentage Change (%)

10/3/2024

252.05



10/4/2024

257.35

5.30

2.10%

10/7/2024

244.65

-12.70

-4.93%

10/8/2024

248.20

3.55

1.45%

10/9/2024

250.05

1.85

0.75%

10/10/2024

254.73

4.68

1.87%

10/11/2024

252.05

-2.68

-1.05%

November 2024 Robusta Coffee Futures Contract:

The price of the November 2024 Robusta Coffee Futures Contract also reversed and declined. The settlement price on October 11 was 4,828 USD/ton, down 1.75% compared to the previous session.

Date

Settlement Price (USD/ton)

Price Change (USD)

Percentage Change (%)

10/3/2024

4,921



10/4/2024

5,067

146

2.97%

10/7/2024

4,868

-199

-3.93%

10/8/2024

4,856

-12

-0.25%

10/9/2024

4,865

9

0.19%

10/10/2024

4,914

49

1.01%

10/11/2024

4,828

-86

-1.75%

Source: Compiled Data

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