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Coffee News August 20, 2024

20 thg 8, 2024

Domestic Coffee Price Situation:

Today, domestic coffee prices fluctuated between 117,300 and 118,100 VND/kg, with an average price of 117,100 VND/kg, an increase of 100 VND compared to yesterday. The highest purchase price was recorded in Đắk Lắk and Đăk Nông provinces at 118,100 VND/kg, while the lowest was in Lâm Đồng province at 117,300 VND/kg.


Global Coffee Market Situation:

Concerns about the drought situation in Brazil, which could cause coffee plants to bloom early, have led to a continued rise in the prices of both types of coffee.


September 2024 Arabica Coffee Futures Price:

The September 2024 Arabica Coffee Futures price continued to rise. Specifically, the settlement price on August 19 was 245.9 cents/pound, up 0.18% compared to the previous session.

September 2024 Arabica Coffee Futures Price Table (KCEU24):


Date

Settlement Price (USD/Ton)

Price Change (USD)

Price Change Rate (%)

8/9/2024

234.05



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%

8/19/2024

245.9

0.45

0.18%

September 2024 Robusta Coffee Futures Price:

The September 2024 Robusta Coffee Futures price continued to rise. Specifically, the settlement price on August 19 was 4,708 USD/ton, up 1.14% compared to the previous session.

September 2024 Robusta Coffee Futures Price Table (LRCU24):

Date

Settlement Price (USD/Ton)

Price Change (USD)

Price Change Rate (%)

8/9/2024

4,326



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%

8/19/2024

4,708

53

1.14%

Source: Collected from various sources



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