Coffee News June 20, 2024
20 thg 6, 2024
Domestic Coffee Prices
Today, domestic coffee prices range from 120,000 to 121,200 VND/kg, marking a significant increase of 1,200 VND/kg compared to the end of yesterday. The highest buying price is in Dak Nong Province at 121,200 VND/kg, while the lowest is in Lam Dong Province at 120,000 VND/kg.
Global Coffee Market
Yesterday, the New York exchange was closed. In this context, coffee prices on the London exchange saw a strong rebound. The late-session buying pressure from speculators on the exchange helped drive up Robusta prices.
The price of the Coffee Robusta Contract for July 2024 also increased significantly. Specifically, the settlement price on June 19 was $4,205 per ton, up 2.36% compared to the previous session.
September 2024 Arabica Coffee Futures price quotes (KCEU24)
Date | Settlement Price (cent/pound) | Change (USD) | Change (%) |
6/11/2024 | 4,196 | ||
6/12/2024 | 4,240 | 44 | 1.05% |
6/13/2024 | 4,221 | -19 | -0.45% |
6/14/2024 | 4,115 | -106 | -2.51% |
6/17/2024 | 4,163 | 48 | 1.17% |
6/18/2024 | 4,108 | -55 | -1.32% |
6/19/2024 | 4,205 | 97 | 2.36% |
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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
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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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