top of page

Coffee News July 02, 2024

2 thg 7, 2024

Domestic Coffee Price Situation:

Today, domestic coffee prices range from 120,200 to 121,500 VND/kg, with an average price of 121,300 VND/kg, a significant increase of 1,200 VND compared to the previous day. The highest buying price is in Dak Nong province at 121,500 VND/kg, while the lowest is in Lam Dong province at 120,200 VND/kg.

Global Coffee Situation

The world's leading Robusta coffee producer, Vietnam, has exported 902,000 tons of coffee in the first half of this year, a decrease of 10.6% compared to the previous year. Meanwhile, India's coffee exports have set new value records for the past three years and are expected to reach a new peak this year. Indian coffee farmers are benefiting as the global Robusta coffee supply is constrained due to drought in Vietnam, leading to a price surge.


The price of the September 2024 Arabica Coffee Contract has turned down. Specifically, the settlement price on July 1 was 224.85 cents/pound, a decrease of 0.86% compared to the previous session.

September 2024 Arabica Coffee Futures price quotes (KCEU24):

Date

Settlement Price (cent/pound)

Change (USD)

Change (%)

6/21/2024

225.0



6/24/2024

236.25

11.25

5.00%

6/25/2024

229.3

-6.95

-2.94%

6/26/2024

224.35

-4.95

-2.16%

6/27/2024

226.35

2.00

0.89%

6/28/2024

226.8

0.45

0.20%

7/1/2024

224.85

-1.95

-0.86%

The price of the September 2024 Robusta Coffee Contract has turned sharply upward. Specifically, the settlement price on July 1 was 4,067 USD/ton, an increase of 1.4% compared to the previous session.

September 2024 Robusta Coffee Futures price quotes (LRCU24)

Date

Settlement Price (cent/pound)

Change (USD)

Change (%)

6/21/2024

4,104



6/24/2024

4,252

148

3.61%

6/25/2024

4,117

-135

-3.17%

6/26/2024

4,059

-58

-1.41%

6/27/2024

4,047

-12

-0.30%

6/28/2024

4,011

-36

-0.89%

7/1/2024

4,067

56

1.40%


Related Posts

Copper prices also moved higher amid concerns that the metal could become the next target in the ongoing trade war.

Economic Highlights 13.02.2025: Fearing it could be the next product to face tariffs, copper prices surged.

13 tháng 2, 2025

Powell emphasized that the Fed is in no rush to ease monetary policy, citing a strong economy and a solid labor market.

Economic Highlights 12.02.2025: Markets Fluctuate Following Fed Chair's Speech

12 tháng 2, 2025

Global aluminum trade is also expected to adjust accordingly.

Economic Highlights 11.02.2025: Metal Markets Turbulent Amid Trump's New Tariffs

11 tháng 2, 2025

Related Post

Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.

Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.

Add a Title

Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.

Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.

Add a Title

Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.

Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.

Add a Title

bottom of page