Coffee News July 19, 2024
19 thg 7, 2024
Domestic Price
Domestic coffee prices today fluctuated between 125,000 to 125,600 VND/kg, averaging at 125,400 VND/kg, a sharp decrease of 2,000 VND compared to yesterday. The highest purchase price was in Đắk Lắk and Đăk Nông provinces at 125,600 VND/kg, while the lowest was in Lâm Đồng province at 125,000 VND/kg.
World coffee price
The increase in the USD combined with the decrease in the Brazilian Real has caused coffee prices on the two exchanges to drop significantly. According to the latest statistics, Vietnam's coffee exports in the first half of July 2024 decreased by 40% in volume compared to the same period last year.
September Arabica Coffee Contract continued to decline. Specifically, the settlement price on July 18 was 240.9 cents/pound, down 0.93% from the previous session.
September Robusta Coffee Contract has decreased for four consecutive sessions. Specifically, the settlement price on July 18 was 4,479 USD/ton, down 1.99% from the previous session.
Source: Collected from various source
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