Coffee News August 19, 2024
19 thg 8, 2024
Domestic Coffee Price Situation:
Today, domestic coffee prices fluctuated between 117,300 and 118,000 VND/kg, with an average price of 117,600 VND/kg, a decrease of 100 VND compared to yesterday. The highest purchase price was recorded in Đắk Lắk and Đăk Nông provinces at 118,000 VND/kg, while the lowest was in Lâm Đồng province at 117,300 VND/kg.
Global Coffee Market Situation:
The prices of both types of coffee continue to rise due to a decrease in inflation in the U.S., an increase in the Brazilian Real, which has reduced exports, and speculators closing their short positions.
September 2024 Arabica Coffee Futures Price: The September 2024 Arabica Coffee Futures price continues to rise. Specifically, the settlement price on August 16 was 245.45 cents/pound, up 2.31% compared to the previous session.
September 2024 Arabica Coffee Futures Price Table (KCEU24):
Date | Settlement Price (cents/pound) | Price Change (USD) | Price Change Rate (%) |
8/8/2024 | 245.3 | ||
8/9/2024 | 234.05 | -11.25 | -4.59% |
8/12/2024 | 240.85 | 6.80 | 2.91% |
8/13/2024 | 232.7 | -8.15 | -3.38% |
8/14/2024 | 237.0 | 4.30 | 1.85% |
8/15/2024 | 239.9 | 2.90 | 1.22% |
8/16/2024 | 245.45 | 5.55 | 2.31% |
September 2024 Robusta Coffee Futures Price: The September 2024 Robusta Coffee Futures price continues to rise. Specifically, the settlement price on August 16 was 4,655 USD/ton, up 1.84% compared to the previous session.
September 2024 Robusta Coffee Futures Price Table (LRCU24):
Date | Settlement Price (cents/pound) | Price Change (USD) | Price Change Rate (%) |
8/8/2024 | 4,436 | ||
8/9/2024 | 4,326 | -110 | -2.48% |
8/12/2024 | 4,532 | 206 | 4.76% |
8/13/2024 | 4,375 | -157 | -3.46% |
8/14/2024 | 4,472 | 97 | 2.22% |
8/15/2024 | 4,571 | 99 | 2.21% |
8/16/2024 | 4,655 | 84 | 1.84% |
Source: Multiple sources
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