Coffee News September 30, 2024
30 thg 9, 2024
Domestic Coffee Prices:
Today, domestic coffee prices fluctuate between 121,000 and 122,000 VND/kg, with an average of 121,300 VND/kg, a decrease of 100 VND compared to yesterday. The highest purchasing price is in Đắk Lắk province at 122,000 VND/kg, while the lowest is in Lâm Đồng province at 121,000 VND/kg.
Global Coffee Market:
Poor weather and drought conditions in Brazil are raising concerns about the coffee supply. Additionally, the weakening of the US dollar has contributed to fluctuations in Arabica and Robusta coffee prices.
December 2024 Arabica Coffee Futures:
Arabica coffee futures for December 2024 have reversed and declined. On September 27, the settlement price was 269.15 cents/pound, a 1.73% drop compared to the previous session.
Date | Settlement Price (cents/pound) | Price Change (USD) | Price Change (%) |
9/19/2024 | 261.65 | ||
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% |
9/27/2024 | 269.15 | -4.75 | -1.73% |
November 2024 Robusta Coffee Futures:
Robusta coffee futures for November 2024 have also reversed and declined. On September 27, the settlement price was 5,482 USD/ton, down 0.81% compared to the previous session.
Date | Settlement Price (USD/ton) | Price Change (USD) | Price Change (%) |
9/19/2024 | 5,248 | ||
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% |
9/27/2024 | 5,482 | -45 | -0.81% |
Source: Compiled Data
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