Coffee News August 14, 2024
14 thg 8, 2024
Domestic Coffee Price Situation:
The domestic coffee price today fluctuated between 116,600 and 117,300 VND/kg, with an average of 117,000 VND/kg, down by 2,200 VND compared to yesterday. The highest purchasing price was recorded in Đăk Lăk and Đăk Nông provinces at 117,300 VND/kg, while the lowest was in Lâm Đồng province at 116,600 VND/kg.
Global Coffee Market Situation:
The prices of both types of coffee have sharply declined. This is due to the forecast that temperatures in Brazil will rise again this week, with the risk of frost remaining low.
September 2024 Arabica Coffee Futures Price: The September 2024 Arabica Coffee Futures price has reversed its trend and decreased. Specifically, the settlement price on August 13 was 232.7 cents/pound, down 3.38% compared to the previous session.
September 2024 Arabica Coffee Futures Price Table (LRCU24)
Date | Settlement Price (cents/pound) | Price Change (USD) | Price Change Rate (%) |
8/5/2024 | 225.7 | ||
8/6/2024 | 235.95 | 10.25 | 4.54% |
8/7/2024 | 246.3 | 10.35 | 4.39% |
8/8/2024 | 245.3 | -1.00 | -0.41% |
8/9/2024 | 234.05 | -11.25 | -4.59% |
8/12/2024 | 240.85 | 6.80 | 2.91% |
8/13/2024 | 232.7 | -8.15 | -3.38% |
September 2024 Robusta Coffee Futures Price: The September 2024 Robusta Coffee Futures price also saw a reversal. The settlement price on August 13 was $4,375/ton, down 3.46% compared to the previous session.
September 2024 Robusta Coffee Futures Price Table (LRCU24)
Date | Settlement Price (cents/pound) | Price Change (USD) | Price Change Rate (%) |
8/5/2024 | 4,175 | ||
8/6/2024 | 4,383 | 208 | 4.98% |
8/7/2024 | 4,481 | 98 | 2.24% |
8/8/2024 | 4,436 | -45 | -1.00% |
8/9/2024 | 4,326 | -110 | -2.48% |
8/12/2024 | 4,532 | 206 | 4.76% |
8/13/2024 | 4,375 | -157 | -3.46% |
Source: Collected from various sources
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