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Coffee News September 25, 2024

25 thg 9, 2024

Domestic Coffee Prices:

As of today, domestic coffee prices fluctuate between 120,000 and 120,800 VND/kg, with an average price of 120,600 VND/kg, marking an increase of 100 VND compared to yesterday. The highest buying prices are recorded in Gia Lai, Đắk Nông, and Đắk Lắk provinces at 120,800 VND/kg, while the lowest price is in Lâm Đồng province at 120,000 VND/kg.

Global Coffee Situation:

Weather conditions in Brazil continue to be a factor driving coffee prices upward.


Arabica Coffee Futures Contract for December 2024:

The Arabica Coffee Futures Contract for December 2024 continues to rise. Specifically, the settlement price on September 24th was 267.80 cents/pound, up 1.57% compared to the previous week.

Date

Settlement Price (cents/pound)

Price Change (USD)

Percentage Change (%)

9/16/2024

258.55



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%

9/24/2024

267.80

4.15

1.57%

Robusta Coffee Futures Contract for November 2024:

Similarly, the Robusta Coffee Futures Contract for November 2024 also shows an upward trend. The settlement price on September 24th was 5,312 USD/ton, up 0.68% compared to the previous week.

Date

Settlement Price (USD/ton)

Price Change (USD)

Percentage Change (%)

9/16/2024

5,246



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%

9/24/2024

5,312

36

0.68%

Source: Compiled Data

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