Coffee News October 3, 2024
3 thg 10, 2024
Domestic Coffee Price Situation:
The domestic coffee prices today range from 116,200 to 117,200 VND/kg, with an average of 116,700 VND/kg, a decrease of 4,500 VND compared to yesterday. The highest purchase price is in Đắk Lắk province at 117,200 VND/kg, while the lowest is in Gia Lai province at 116,200 VND/kg.
Global Coffee Market Situation:
The EU has recently amended a clause in the European Union Deforestation Regulation (EUDR), allowing coffee stored in certified warehouses to be circulated without the need for certification of non-deforestation origin, meeting consumption demand in European countries.
December 2024 Arabica Coffee Futures Price:
The December 2024 Arabica Coffee futures price continues to decline. Specifically, the settlement price on October 2 was 256.50 cents/pound, a decrease of 2.90% compared to the previous session.
Date | Settlement Price (cents/pound) | Price Change (USD) | Percentage Change (%) |
09/24/2024 | 267.80 | ||
09/25/2024 | 269.10 | 1.30 | 0.49% |
09/26/2024 | 273.90 | 4.80 | 1.78% |
09/27/2024 | 269.15 | -4.75 | -1.73% |
09/30/2024 | 270.25 | 1.10 | 0.41% |
10/01/2024 | 264.15 | -6.10 | -2.26% |
10/02/2024 | 256.50 | -7.65 | -2.90% |
November 2024 Robusta Coffee Futures Price:
The November 2024 Robusta Coffee futures price also continues to decline. Specifically, the settlement price on October 2 was 5,111 USD/ton, a decrease of 6.13% compared to the previous session.
Date | Settlement Price (USD/ton) | Price Change (USD) | Percentage Change (%) |
09/24/2024 | 5,312 | ||
09/25/2024 | 5,446 | 134 | 2.52% |
09/26/2024 | 5,527 | 81 | 1.49% |
09/27/2024 | 5,482 | -45 | -0.81% |
09/30/2024 | 5,498 | 16 | 0.29% |
10/01/2024 | 5,445 | -53 | -0.96% |
10/02/2024 | 5,111 | -334 | -6.13% |
Source: Compiled data
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