Coffee News September 24, 2024
24 thg 9, 2024
Domestic Coffee Prices:
As of today, domestic coffee prices fluctuate between 120,200 to 120,700 VND/kg, with an average price of 120,500 VND/kg, marking an increase of 1,200 VND compared to the previous day. The highest purchasing prices are recorded in Gia Lai, Đắk Nông, and Đắk Lắk provinces at 120,700 VND/kg, while the lowest is in Lâm Đồng province at 120,200 VND/kg.
Global Coffee Market:
Harsh weather conditions during the harvest season have put pressure on supply, pushing coffee prices higher.
Arabica Coffee Futures Contract for December 2024:
The Arabica coffee futures contract for December 2024 has reversed and increased. Specifically, the settlement price on September 23 was 263.65 cents/pound, up 5.14% compared to the previous week.
Date | Settlement Price (cents/pound) | Price Change (USD) | Price Change (%) |
9/13/2024 | 259.45 | ||
9/16/2024 | 258.55 | -0.90 | -0.35% |
9/17/2024 | 264.50 | 5.95 | 2.30% |
9/18/2024 | 264.40 | -0.10 | -0.04% |
9/19/2024 | 261.65 | -2.75 | -1.04% |
9/20/2024 | 250.75 | -10.90 | -4.17% |
9/23/2024 | 263.65 | 12.90 | 5.14% |
Robusta Coffee Futures Contract for November 2024:
The Robusta coffee futures contract for November 2024 also saw a reversal, with the settlement price on September 23 reaching 5,276 USD/ton, an increase of 4.29% compared to the previous week.
Date | Settlement Price (USD/ton) | Price Change (USD) | Price Change (%) |
9/13/2024 | 5,267 | ||
9/16/2024 | 5,246 | -21 | -0.40% |
9/17/2024 | 5,303 | 57 | 1.09% |
9/18/2024 | 5,334 | 31 | 0.58% |
9/19/2024 | 5,248 | -86 | -1.61% |
9/20/2024 | 5,059 | -189 | -3.60% |
9/23/2024 | 5,276 | 217 | 4.29% |
Source: Compilation
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