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Coffee News August 07, 2024

7 thg 8, 2024

Domestic Coffee Prices Situation:

Today's domestic coffee prices range from 120,300 to 121,000 VND/kg, with an average of 120,700 VND/kg, slightly down by 400 VND compared to yesterday. The highest buying price is in Dak Lak province at 121,000 VND/kg, while the lowest is in Lam Dong province at 120,300 VND/kg.

Global Coffee Market Situation

The prices of both coffee types rose sharply as investors grew increasingly concerned about supply shortages due to a decrease in coffee production in Brazil.


The price of the September 2024 Arabica Coffee Futures Contract saw a significant increase. Specifically, the settlement price on August 6 was 235.95 cents per pound, up 4.54% compared to the previous session.

September 2024 Arabica Coffee Futures price quotes (KCEU24)

Date

Settlement Price (cent/pound)

Change (USD)

Change (%)

7/29/2024

230.4



7/30/2024

230.8

0.40

0.17%

7/31/2024

229.2

-1.60

-0.69%

8/1/2024

227.25

-1.95

-0.85%

8/2/2024

230.5

3.25

1.43%

8/5/2024

225.7

-4.80

-2.08%

8/6/2024

235.95

10.25

4.54%

The September 2024 Robusta Coffee Futures Contract also saw a significant increase. Specifically, the settlement price on August 6 was $4,383 per ton, up 4.98% compared to the previous session.

September 2024 Robusta Coffee Futures price quotes (LRCU24)

Date

Settlement Price (cent/pound)

Change (USD)

Change (%)

7/29/2024

4,267



7/30/2024

4,266

-1

-0.02%

7/31/2024

4,261

-5

-0.12%

8/1/2024

4,225

-36

-0.84%

8/2/2024

4,227

2

0.05%

8/5/2024

4,175

-52

-1.23%

8/6/2024

4,383

208

4.98%

Source: Multiple sources

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