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 Dollar Index fell by 0.30%, dropping to 100.55 points. In contrast, the British pound reached its highest level against the U.S. dollar in over two years.
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