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Coffee News August 29, 2024

29 thg 8, 2024

Domestic Coffee Price Situation:

The domestic coffee price today ranges from 121,000 to 122,000 VND/kg, with an average of 121,500 VND/kg, an increase of 400 VND compared to yesterday. The highest purchase price is in Đắk Nông and Gia Lai provinces at 122,000 VND/kg, while the lowest is in Lâm Đồng province at 121,000 VND/kg.


Global Coffee Situation:

Reports of drought in Brazil, which could cause coffee plants to flower early and reduce yields, are pushing coffee prices to continue rising.


December 2024 Arabica Coffee Contract Price:

The December 2024 Arabica Coffee Contract continues to rise. Specifically, the settlement price on August 28 was 256.45 cents/pound, up 0.47% from the previous day.


December 2024 Arabica Coffee Contract Price Table:

Date

Settlement Price (cent/pound)

Price Change (USD)

Price Change Rate (%)

8/20/2024

248.50



8/21/2024

249.25

0.75

0.30%

8/22/2024

242.90

-6.35

-2.55%

8/23/2024

247.30

4.40

1.81%

8/26/2024

249.65

2.35

0.95%

8/27/2024

255.25

5.60

2.24%

8/28/2024

256.45

1.20

0.47%

November 2024 Robusta Coffee Contract Price:

The November 2024 Robusta Coffee Contract continues to rise. Specifically, the settlement price on August 28 was 4,926 USD/ton, up 1.65% from the previous day.


November 2024 Robusta Coffee Contract Price Table:

Date

Settlement Price (USD/ton)

Price Change (USD)

Price Change Rate (%)

8/20/2024

4,619



8/21/2024

4,632

13

0.28%

8/22/2024

4,574

-58

-1.25%

8/23/2024

4,715

141

3.08%

8/26/2024

4,715

0

0.00%

8/27/2024

4,846

131

2.78%

8/28/2024

4,926

80

1.65%

Source: Compiled Data

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