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Coffee News August 21, 2024

21 thg 8, 2024

Domestic Coffee Price Situation:

Today, domestic coffee prices fluctuated between 118,500 and 119,300 VND/kg, with an average price of 119,100 VND/kg, an increase of 1,200 VND compared to yesterday. The highest purchase price was recorded in Đăk Nông province at 119,300 VND/kg, while the lowest was in Lâm Đồng province at 118,500 VND/kg.


Global Coffee Market Situation:

The decline in the USD, along with concerns that the climate situation in top-producing countries could impact output, has driven coffee prices higher.


September 2024 Arabica Coffee Futures Price:

The September 2024 Arabica Coffee Futures price continued to rise. Specifically, the settlement price on August 20 was 249.45 cents/pound, up 1.44% compared to the previous session.


September 2024 Arabica Coffee Futures Price Table (KCEU24):

Date

Settlement Price (USD/Ton)

Price Change (USD)


Price Change Rate (%)

8/12/2024

240.85



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%

8/20/2024

249.45

3.55

1.44%

September 2024 Robusta Coffee Futures Price:

The September 2024 Robusta Coffee Futures price continued to rise. Specifically, the settlement price on August 20 was 4,879 USD/ton, up 3.63% compared to the previous session.


September 2024 Robusta Coffee Futures Price Table (LRCU24):

Date

Settlement Price (USD/Ton)

Price Change (USD)


Price Change Rate (%)

8/12/2024

4,532



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%

8/20/2024

4,879

171

3.63%

Source: Collected from various sources


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