Coffee News June 28, 2024
28 thg 6, 2024
Domestic Coffee Prices
Today, domestic coffee prices range from 118,800 to 119,900 VND/kg, averaging 119,900 VND/kg, a slight decrease of 200 VND compared to yesterday. The highest buying price is in Dak Nong and Gia Lai provinces at 119,900 VND/kg. The lowest price is in Lam Dong province at 118,800 VND/kg.
Global Coffee Market
The USD has cooled significantly, now at 105.87 points. This makes USD-denominated commodities like coffee more attractive to global investors, directly boosting the price of Arabica coffee. However, for Robusta coffee, the market continues to face downward pressure as investor concerns about supply shortages diminish with new data being released.
The price of Coffee Futures Contract for Arabica September 2024, has seen a slight increase. Specifically, the settlement price on June 27 was 226.35 cent/pound, up 0.89% from the previous session.
Coffee Futures Contract for Arabica, September 2024 (KCEU24)
Date | Settlement Price (cent/pound) | Change (USD) | Change (%) |
6/19/2024 | 226.25 | ||
6/20/2024 | 230.35 | 4.10 | 1.81% |
6/21/2024 | 225.0 | -5.35 | -2.32% |
6/24/2024 | 236.25 | 11.25 | 5.00% |
6/25/2024 | 229.3 | -6.95 | -2.94% |
6/26/2024 | 224.35 | -4.95 | -2.16% |
6/27/2024 | 226.35 | 2.00 | 0.89% |
Price of Coffee Futures Contract for Robusta September 2024, continues to decrease. Specifically, the settlement price on June 27 was $4,047 per ton, down 0.3% from the previous session.
Coffee Futures Contract for Robusta September 2024 (LRCU24)
Date | Settlement Price (cent/pound) | Change (USD) | Change (%) |
6/19/2024 | 4,060 | ||
6/20/2024 | 4,176 | 116 | 2.86% |
6/21/2024 | 4,104 | -72 | -1.72% |
6/24/2024 | 4,252 | 148 | 3.61% |
6/25/2024 | 4,117 | -135 | -3.17% |
6/26/2024 | 4,059 | -58 | -1.41% |
6/27/2024 | 4,047 | -12 | -0.30% |
Related Posts
The U.S. stock market surged in last Friday's trading session after the Federal Reserve Chairman signaled readiness for interest rate cuts during his weekend speech.
Economic News August 26, 2024
26 tháng 8, 2024
Federal Reserve chair gives strongest signal yet that borrowing costs will soon fall
Jay Powell says ‘time has come’ for US interest rate cuts
.png)
24 tháng 8, 2024
At the close of yesterday’s trading session, oil prices rebounded after four consecutive sessions of decline, driven by heightened expectations of a U.S. interest rate cut in the coming weeks
Economic News August 23, 2024
23 tháng 8, 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