Coffee News July 05, 2024
5 thg 7, 2024
Domestic Coffee Prices
Today, domestic coffee prices range from 122,300 to 123,500 VND/kg, with an average of 123,200 VND/kg, marking a significant increase of 2,000 VND compared to the previous day. The highest purchase price is in Dak Nong province at 123,500 VND/kg, while the lowest is in Lam Dong province at 122,300 VND/kg.
Global Coffee Market
Yesterday, the New York market was closed for the U.S. Independence Day holiday. In this context, the London Robusta market saw a strong rebound. The recent decline in the USD also contributed to the increase in prices.
The price of the September 2024 Robusta Coffee Contract increased significantly. Specifically, the settlement price on July 4 was $4,153 per ton, up 2.34% from the previous session.
September 2024 Robusta Coffee Contract Price (LRCU24)
Date | Settlement Price (cent/pound) | Change (USD) | Change (%) |
6/26/2024 | 4,059 | ||
6/27/2024 | 4,047 | -12 | -0.30% |
6/28/2024 | 4,011 | -36 | -0.89% |
7/1/2024 | 4,067 | 56 | 1.40% |
7/2/2024 | 4,092 | 25 | 0.61% |
7/3/2024 | 4,058 | -34 | -0.83% |
7/4/2024 | 4,153 | 95 | 2.34% |
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Powell emphasized that the Fed is in no rush to ease monetary policy, citing a strong economy and a solid labor market.
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Global aluminum trade is also expected to adjust accordingly.
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