Coffee News June 24, 2024
24 thg 6, 2024
Domestic Coffee Prices
Today, domestic coffee prices range between 122,000 and 123,200 VND/kg, down 200 VND 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 Situation
The USDA forecasts a 4.2% increase in global coffee production for the 2023/24 season, with Arabica coffee production rising by 10.7% and Robusta coffee production decreasing by 3.3%. However, Vietnam's Robusta coffee production for the 2024/2025 season (from October 2023 to May 2024) is expected to reach only 24 million bags, the lowest in 13 years.
The September 2024 Arabica Coffee Contract saw a significant decline, with the settlement price on June 21 being 225 cents/pound, down 2.32% from the previous session.
Arabica Coffee September 2024 Contract Price (KCEU24)
Date | Settlement Price (cent/pound) | Change (USD) | Change (%) |
6/13/2024 | 226.25 | ||
6/14/2024 | 224.4 | -1.85 | -0.82% |
6/17/2024 | 227.3 | 2.90 | 1.29% |
6/18/2024 | 226.25 | -1.05 | -0.46% |
6/19/2024 | 226.25 | 0.00 | 0.00% |
6/20/2024 | 230.35 | 4.10 | 1.81% |
6/21/2024 | 225.0 | -5.35 | -2.32% |
The September 2024 Robusta Coffee Contract also saw a significant decline. Specifically, the settlement price on June 21 was $4,104 per ton, down 1.72% from the previous session.
Robusta Coffee September 2024 Contract Price (LRCU24)
Date | Settlement Price (cent/pound) | Change (USD) | Change (%) |
|---|---|---|---|
6/13/2024 | 4,093 | ||
6/14/2024 | 4,009 | -84 | -2.05% |
6/17/2024 | 4,057 | 48 | 1.20% |
6/18/2024 | 3,994 | -63 | -1.55% |
6/19/2024 | 4,060 | 66 | 1.65% |
6/20/2024 | 4,176 | 116 | 2.86% |
6/21/2024 | 4,104 | -72 | -1.72% |
Related Posts
The dollar index rose by 0.14% on Monday. The dollar strengthened as concerns over the Eurozone economy weakened the euro after the Eurozone’s September manufacturing and composite PMI indices contracted more than expected.
Metals News September 24, 2024
.jpg)
24 tháng 9, 2024
Coffee prices have reversed and are rising again.
Coffee News September 24, 2024
.jpg)
24 tháng 9, 2024
NASS reported that 65% of U.S. soybean acres had dropped leaves as of September 22, ahead of the 57% average, with 13% harvested, 5% faster than usual.
Agriculture News September 24, 2024
.png)
24 tháng 9, 2024
Related Post
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.
Add a Title
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.
Add a Title
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.
Add a Title