Coffee News September 27, 2024
27 thg 9, 2024
Domestic Coffee Prices:
Today's domestic coffee prices range from 121,400 to 122,600 VND/kg, with an average price of 122,000 VND/kg, an increase of 600 VND compared to yesterday. The highest purchase price is in Đắk Lắk province at 122,600 VND/kg, while the lowest is in Gia Lai province at 120,800 VND/kg.
Global Coffee Situation:
Unfavorable weather is the main reason for the decline in coffee production in Brazil and Vietnam, leading to rising prices.
Arabica Coffee December 2024 Contract:
The price of the December 2024 Arabica Coffee Contract continues to rise. The settlement price on September 25 was 273.90 cents per pound, an increase of 1.78% compared to the previous session.
Date | Settlement Price (cents/pound) | Price Change (USD) | Price Change (%) |
9/18/2024 | 264.40 | ||
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% |
9/25/2024 | 269.10 | 1.30 | 0.49% |
9/26/2024 | 273.90 | 4.80 | 1.78% |
Robusta Coffee November 2024 Contract:
The price of the November 2024 Robusta Coffee Contract also continues to rise. The settlement price on September 25 was 5,527 USD/ton, an increase of 1.49% compared to the previous session.
Date | Settlement Price (USD/ton) | Price Change (USD) | Price Change (%) |
9/18/2024 | 5,334 | ||
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% |
9/25/2024 | 5,446 | 134 | 2.52% |
9/26/2024 | 5,527 | 81 | 1.49% |
Source: Compilation
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