Coffee News July 15, 2024
15 thg 7, 2024
Domestic Coffee Prices
Today's domestic coffee prices range from 128,000 to 128,500 VND/kg, with an average of 128,300 VND/kg. The highest purchase price is in Đăk Nông, Gia Lai, and Đăk Lăk provinces at 128,200 VND/kg. The lowest price is in Lâm Đồng province at 128,000 VND/kg.
Global Coffee Situation
According to forecasts from the Vietnam Coffee-Cocoa Association (VICOFA), Vietnam's coffee export volume is expected to decline in July, August, and September due to the diminishing supply. The supply of Vietnamese coffee will only increase again with the new harvest in October and November.
The September 2024 Arabica Coffee futures contract continues to rise. Specifically, the settlement price on July 12 was 248.75 cents/pound, an increase of 1.59% compared to the previous session.
September 2024 Arabica Coffee Futures price quotes (KCEU24)
Date | Settlement Price (cent/pound) | Change (USD) | Change (%) |
|---|---|---|---|
7/4/2024 | 224.2 | ||
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% |
7/11/2024 | 244.85 | 1.30 | 0.53% |
7/12/2024 | 248.75 | 3.90 | 1.59% |
The September 2024 Robusta Coffee futures contract also continues to rise. Specifically, the settlement price on July 12 was $4,617/ton, an increase of 0.91% compared to the previous session.
September 2024 Robusta Coffee Futures price quotes (LRCU24)
Date | Settlement Price (cent/pound) | Change (USD) | Change (%) |
7/4/2024 | 4,153 | ||
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% |
7/11/2024 | 4,576 | 99 | 2.21% |
7/12/2024 | 4,617 | 41 | 0.90% |
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