Coffee News June 21, 2024
21 thg 6, 2024
Domestic Coffee Price
Today, domestic coffee prices range between 122,000 and 123,200 VND/kg, marking a significant increase of 2,000 VND/kg from the end of yesterday. The highest buying price is in Dak Nong Province at 123,200 VND/kg, while the lowest is in Lam Dong Province at 122,000 VND/kg.
Global Coffee Price Situation
Global coffee prices have increased across the board today. According to experts, in recent months, Vietnam's coffee export volumes have decreased consistently, raising concerns about the supply of Robusta from the Vietnamese market.
The price of Coffee Arabica Futures for July 2024 has risen significantly. Specifically, the settlement price on June 20 was 230.25 cents/pound, an increase of 1.75% compared to the previous session.
September 2024 Arabica Coffee Futures price quotes (KCEU24)
Date | Settlement Price (cent/pound) | Change (USD) | Change (%) |
6/11/2024 | 220.55 | ||
6/12/2024 | 224.35 | 3.80 | 1.72% |
6/13/2024 | 226.05 | 1.70 | 0.76% |
6/14/2024 | 224.15 | -1.90 | -0.84% |
6/17/2024 | 227.15 | 3.00 | 1.34% |
6/18/2024 | 226.3 | -0.85 | -0.37% |
6/20/2024 | 230.25 | 3.95 | 1.75% |
The price of Coffee Robusta Futures for July 2024 has also continued to rise sharply. Specifically, the settlement price on June 20 was 4,374 USD/ton, an increase of 4.02% compared to the previous session.
September 2024 Robusta Coffee Futures price quotes (LRCU24)
Date | Settlement Price (cent/pound) | Change (USD) | Change (%) |
|---|---|---|---|
6/12/2024 | 4,240 | ||
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% |
6/20/2024 | 4,374 | 169 | 4.02% |
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