Coffee News July 31, 2024
31 thg 7, 2024
Domestic Coffee Prices Situation:
Today, domestic coffee prices range from 123,000 to 123,600 VND/kg, averaging at 124,400 VND/kg, which is an increase of 100 VND compared to yesterday. The highest buying price is in Đăk Nông province at 123,600 VND/kg, while the lowest price is in Lâm Đồng province at 123,000 VND/kg.
Global Coffee Market Situation
The prices of the two types of coffee continue to show divergent trends. While Arabica has increased slightly, Robusta continues its downward trend. However, the decline in Robusta prices is not significant.
The price of the September 2024 Arabica coffee futures contract continues to rise slightly. Specifically, the settlement price on July 30 was 230.8 cents per pound, an increase of 0.17% compared to the previous session.
September 2024 Arabica Coffee Futures price quotes (KCEU24):
Date | Settlement Price (cent/pound) | Change (USD) | Change (%) |
7/22/2024 | 243.05 | ||
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% |
7/29/2024 | 230.4 | 0.15 | 0.07% |
7/30/2024 | 230.8 | 0.40 | 0.17% |
The price of the September 2024 Robusta coffee futures contract has decreased for three consecutive sessions. Specifically, the settlement price on July 30 was 4,266 USD/ton, a decrease of 0.02% compared to the previous session.
September 2024 Robusta Coffee Futures price quotes (LRCU24)
Date | Settlement Price (cent/pound) | Change (USD) | Change (%) |
|---|---|---|---|
7/22/2024 | 4,581 | ||
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% |
7/29/2024 | 4,267 | -35 | -0.81% |
7/30/2024 | 4,266 | -1 | -0.02% |
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