Coffee News July 30, 2024
30 thg 7, 2024
Domestic Coffee Prices Situation:
Today's domestic coffee prices range between 123,000 to 123,600 VND/kg, with an average price of 124,300 VND/kg, marking a decrease of 500 VND compared to yesterday. The highest purchase price is in Dak Nong province at 123,600 VND/kg, while the lowest is in Lam Dong province at 123,000 VND/kg.
Global Coffee Market Situation
While Robusta coffee prices continue to decline, Arabica coffee prices have slightly increased after a new forecast showed that Brazil's current coffee crop yield is lower than initially calculated.
The September 2024 Arabica Coffee Futures Contract saw a slight increase. Specifically, the settlement price on July 29 was 230.4 cents per pound, up 0.07% compared to the previous session
September 2024 Arabica Coffee Futures price quotes (KCEU24):
Date | Settlement Price (cent/pound) | Change (USD) | Change (%) |
7/19/2024 | 238.2 | ||
7/22/2024 | 243.05 | 4.85 | 2.04% |
7/23/2024 | 239.1 | -3.95 | -1.63% |
7/24/2024 | 231.15 | -7.95 | -3.32% |
7/25/2024 | 234.7 | 3.55 | 1.54% |
7/26/2024 | 230.25 | -4.45 | -1.90% |
7/30/2024 | 230.4 | 0.15 | 0.07% |
The September 2024 Robusta Coffee Futures Contract continues its strong downward trend. Specifically, the settlement price on July 29 was $4,267 per ton, down 0.81% compared to the previous session.
September 2024 Robusta Coffee Futures price quotes (LRCU24)
Date | Settlement Price (cent/pound) | Change (USD) | Change (%) |
|---|---|---|---|
7/19/2024 | 4,530 | ||
7/22/2024 | 4,581 | 51 | 1.13% |
7/23/2024 | 4,481 | -100 | -2.18% |
7/24/2024 | 4,327 | -154 | -3.44% |
7/25/2024 | 4,395 | 68 | 1.57% |
7/26/2024 | 4,302 | -93 | -2.12% |
7/30/2024 | 4,267 | -35 | -0.81% |
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