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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