Coffee News October 2, 2024
2 thg 10, 2024
Domestic Coffee Prices:
As of today, domestic coffee prices fluctuate between 120,700 and 121,700 VND/kg, averaging around 120,900 VND/kg, down 400 VND compared to yesterday. The highest purchase price is in Đắk Lắk province at 121,700 VND/kg, while the lowest is in Gia Lai province at 120,700 VND/kg.
Global Coffee Market Situation:
Reports indicate increased soil moisture in major coffee-growing regions in Brazil, alleviating concerns about the upcoming harvest in the country.
Arabica Coffee Futures for December 2024:
Arabica Coffee Futures for December 2024 have reversed and declined. Specifically, the settlement price on October 1st was 264.15 cents per pound, a decrease of 2.26% compared to the previous session.
Date | Settlement Price (cents/pound) | Price Change (USD) | Price Change (%) |
9/23/2024 | 263.65 | ||
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% |
10/1/2024 | 264.15 | -6.10 | -2.26% |
Robusta Coffee Futures for November 2024:
Robusta Coffee Futures for November 2024 also saw a decline. Specifically, the settlement price on October 1st was 5,445 USD/ton, down 0.96% from the previous session.
Date | Settlement Price (USD/ton) | Price Change (USD) | Price Change (%) |
9/23/2024 | 5,276 | ||
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% |
10/1/2024 | 5,445 | -53 | -0.96% |
Source: Aggregated data
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