Coffee News July 16, 2024
16 thg 7, 2024
Domestic Coffee Prices
Today, domestic coffee prices range from 127,400 to 128,000 VND/kg, with an average price of 127,800 VND/kg, a slight decrease of 600 VND compared to yesterday. The highest purchase price is in Dak Nong Province at 128,000 VND/kg, while the lowest is in Lam Dong Province at 127,400 VND/kg.
Global Coffee Market
Today, coffee prices have decreased for both types due to the strengthening US dollar and profit-taking activities by funds and speculators.
The price of the September 2024 Arabica Coffee Contract has turned downward. Specifically, the settlement price on July 15 was 242.15 cents/pound, a decrease of 2.65% compared to the previous session.
Arabica Coffee September 2024 Contract Price (KCEU24)
Date | Settlement Price (cent/pound) | Change (USD) | Change (%) |
7/5/2024 | 228.95 | ||
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% |
7/15/2024 | 242.15 | -6.60 | -2.65% |
The price of the September 2024 Robusta Coffee Contract has also turned downward. Specifically, the settlement price on July 15 was $4,583 per ton, a decrease of 0.74% compared to the previous session.
Robusta Coffee September 2024 Contract Price (LRCU24)
Date | Settlement Price (cent/pound) | Change (USD) | Change (%) |
|---|---|---|---|
7/5/2024 | 4,185 | ||
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% |
7/15/2024 | 4,583 | -34 | -0.74% |
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