Coffee News July 29, 2024
29 thg 7, 2024
Domestic Market
Compared to July 28, domestic coffee prices today have decreased by 1,400 – 1,500 VND/kg, ranging from 123,400 to 124,000 VND/kg. The highest purchase price in the provinces is 124,100 VND/kg in Đắk Nông and the lowest is 123,500 VND/kg in Lâm Đồng. The average price is around 123,900 VND/kg.
The price of global coffee
The coffee harvest in Brazil is putting pressure on prices. According to Safras & Mercado, Brazil's 2024/25 coffee harvest was 81% complete as of July 23, faster than the 74% at the same time last year and above the five-year average of 77%.
Arabica September contract: The settlement price on July 26 was 230.25 cents per pound, down 1.9% from the previous session.
Robusta September contract: The settlement price on July 26 was $4,302 per ton, down 2.12% from the previous session.
Source: Collected from various sources
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