Coffee News October 1, 2024
1 thg 10, 2024
Domestic Coffee Price Situation:
As of today, domestic coffee prices range from 121,000 to 122,100 VND/kg, with an average of 121,300 VND/kg, marking a 100 VND increase compared to yesterday. The highest purchase price is in Đắk Lắk province at 122,100 VND/kg, while the lowest is in Gia Lai province at 121,000 VND/kg.
Global Coffee Situation:
Bad weather and drought in Brazil have raised concerns about coffee supply. The weakening USD has also caused fluctuations in Arabica and Robusta prices.
December 2024 Arabica Coffee Futures Contract Prices:
The December 2024 Arabica Coffee Futures Contract prices turned upward. Specifically, the settlement price on September 30 was 270.25 cents/pound, up 0.41% compared to the previous week.
Date | Settlement Price (cents/pound) | Price Change (USD) | Price Change (%) |
9/20/2024 | 250.75 | ||
9/23/2024 | 263.65 | 12.90 | 5.14% |
9/24/2024 | 267.80 | 4.15 | 1.57% |
9/25/2024 | 269.10 | 1.30 | 0.49% |
9/26/2024 | 273.90 | 4.80 | 1.78% |
9/27/2024 | 269.15 | -4.75 | -1.73% |
9/30/2024 | 270.25 | 1.10 | 0.41% |
November 2024 Robusta Coffee Futures Contract Prices:
Robusta coffee futures for November 2024 saw an upward reversal. Specifically, the settlement price on September 30 was 5,498 USD/ton, an increase of 0.29% compared to the previous week.
Date | Settlement Price (USD/ton) | Price Change (USD) | Price Change (%) |
9/20/2024 | 5,059 | ||
9/23/2024 | 5,276 | 217 | 4.29% |
9/24/2024 | 5,312 | 36 | 0.68% |
9/25/2024 | 5,446 | 134 | 2.52% |
9/26/2024 | 5,527 | 81 | 1.49% |
9/27/2024 | 5,482 | -45 | -0.81% |
9/30/2024 | 5,498 | 16 | 0.29% |
Source: Compiled data.
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