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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