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Coffee News September 20, 2024

20 thg 9, 2024

Domestic Coffee Prices:

Today's domestic coffee prices range between 121,700 and 122,100 VND/kg, with an average of 121,800 VND/kg, down 1,500 VND compared to yesterday. The highest prices were recorded in Đắk Nông and Đắk Lắk provinces at 122,100 VND/kg, while the lowest were in Lâm Đồng province at 121,700 VND/kg.

Global Coffee Situation:

The two largest coffee suppliers, Brazil and Vietnam, have experienced crop failures due to climate change, which has impacted prices.


Arabica Coffee Futures Contract (December 2024):

The price of the December 2024 Arabica Coffee Futures contract continues to decline. Specifically, the settlement price on September 19 was 261.65 cents/pound, down 1.04% compared to the previous session.

Date

Settlement Price (cents/pound)

Price Change (USD)

% Change

9/11/2024

246.65



9/12/2024

249.40

2.75

1.11%

9/13/2024

259.45

10.05

4.03%

9/16/2024

258.55

-0.90

-0.35%

9/17/2024

264.50

5.95

2.30%

9/18/2024

264.40

-0.10

-0.04%

9/19/2024

261.65

-2.75

-1.04%

Robusta Coffee Futures Contract (November 2024):

The price of the November 2024 Robusta Coffee Futures contract has reversed its trend and decreased. The settlement price on September 19 was 5,248 USD/ton, down 1.61% compared to the previous session.

Date

Settlement Price (USD/ton)

Price Change (USD)

% Change

9/11/2024

5,008



9/12/2024

5,077

69

1.38%

9/13/2024

5,267

190

3.74%

9/16/2024

5,246

-21

-0.40%

9/17/2024

5,303

57

1.09%

9/18/2024

5,334

31

0.58%

9/19/2024

5,248

-86

-1.61%

Source: Compiled Data

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