Coffee News September 16, 2024
16 thg 9, 2024
Domestic Coffee Price Situation:
On the domestic market, as recorded this morning (September 16), the price of green coffee beans in the Central Highlands and Southern provinces followed the global trend, increasing sharply by 5,000 - 5,700 VND/kg compared to the same time last week. Currently, prices range from approximately 123,500 to 124,000 VND/kg.
Global Coffee Situation:
Prolonged drought in Brazil and Typhoon Yagi in Vietnam have raised concerns about global coffee production, pushing coffee prices up sharply.
Arabica Coffee Futures Contract for December 2024:
The Arabica Coffee Futures Contract for December 2024 continues to rise. Specifically, the settlement price on September 13 was 259.45 cents/pound, an increase of 4.03% from the previous session.
Date | Settlement Price (cents/pound) | Price Change (USD) | Price Change Rate (%) |
9/5/2024 | 244.20 | ||
9/6/2024 | 236.00 | -8.20 | -3.36% |
9/9/2024 | 245.40 | 9.40 | 3.98% |
9/10/2024 | 247.20 | 1.80 | 0.73% |
9/11/2024 | 246.65 | -0.55 | -0.22% |
9/12/2024 | 249.40 | 2.75 | 1.11% |
9/13/2024 | 259.45 | 10.05 | 4.03% |
Robusta Coffee Futures Contract for November 2024:
The Robusta Coffee Futures Contract for November 2024 also continues to rise. Specifically, the settlement price on September 13 was 5,267 USD/ton, an increase of 3.74% compared to the previous session.
Date | Settlement Price (USD/ton) | Price Change (USD) | Price Change Rate (%) |
9/5/2024 | 4,911 | ||
9/6/2024 | 4,770 | -141 | -2.87% |
9/9/2024 | 4,891 | 121 | 2.54% |
9/10/2024 | 4,897 | 6 | 0.12% |
9/11/2024 | 5,008 | 111 | 2.27% |
9/12/2024 | 5,077 | 69 | 1.38% |
9/13/2024 | 5,267 | 190 | 3.74% |
Source: Compilation
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