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Coffee News August 15, 2024

15 thg 8, 2024

Domestic Coffee Price Situation:

Today, domestic coffee prices fluctuated between 116,900 and 117,600 VND/kg, with an average of 117,300 VND/kg, an increase of 300 VND compared to yesterday. The highest purchase price was recorded in Đăk Lăk and Đăk Nông provinces at 117,600 VND/kg, while the lowest was in Lâm Đồng province at 116,900 VND/kg.


Global Coffee Market Situation:

The weakening of the USD and the strengthening of the Brazilian real stimulated strong buying activity on the exchange, leading to a rebound in the prices of both types of coffee.


September 2024 Arabica Coffee Futures Price: The September 2024 Arabica Coffee Futures price reversed and increased. Specifically, the settlement price on August 14 was 237 cents/pound, up by 1.85% compared to the previous session.

September 2024 Arabica Coffee Futures Price Table (KCEU24)


Date

Settlement Price (cents/pound)

Price Change (USD)

Price Change Rate (%)

8/6/2024

235.95



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%

8/14/2024

237.0

4.30

1.85%

September 2024 Robusta Coffee Futures Price: The September 2024 Robusta Coffee Futures price also saw a reversal. The settlement price on August 14 was $4,472/ton, up by 2.22% compared to the previous session.

September 2024 Robusta Coffee Futures Price Table (LRCU24)

Date

Settlement Price (cents/pound)

Price Change (USD)

Price Change Rate (%)

8/6/2024

4,383



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%

8/14/2024

4,472

97

2.22%

Source: Collected from various sources



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