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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