Coffee News August 16, 2024
16 thg 8, 2024
Domestic Coffee
Today, domestic coffee prices range from 117,300 to 118,100 VND/kg, with an average price of 117,700 VND/kg, an increase of 400 VND compared to yesterday. The highest purchasing price is recorded in Đắk Nông province at 118,100 VND/kg, while the lowest is in Lâm Đồng province at 117,300 VND/kg.
Global Coffee
News of reduced inflation in the US, combined with the strengthening of Brazil's currency, has supported the continued rise in the prices of both coffee types.
The price of the September 2024 Arabica Coffee Futures Contract continues to rise. Specifically, the settlement price on August 15 was 239.9 cents/pound, an increase of 1.22% compared to the previous session.
The price of the September 2024 Robusta Coffee Futures Contract also continues to rise. Specifically, the settlement price on August 15 was 4,571 USD/ton, an increase of 2.21% compared to the previous session.
Soucre: Collected from various source
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The U.S. stock market posted strong gains in Monday's trading session as investors looked for bargains following last week's sell-offs.
Economic News September 10, 2024
10 tháng 9, 2024
In August, rubber prices dropped to USD 1.603/kg due to weak demand from China, before slightly rebounding to USD 1.633/kg by the end of the month.
Rubber prices on the SICOM exchange fell by more than 6% in August
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According to the Mercantile Exchange Of VietNam (MXV), strong buying pressure returned to the global commodity markets during the first trading session of the week (September 9).
Strong buying force pulled the MXV-Index up
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