Coffee News October 8, 2024
8 thg 10, 2024
Domestic Coffee Prices
Today, domestic coffee prices fluctuate between 113,000 and 113,600 VND/kg, with an average price of 113,300 VND/kg, down by 2,500 VND compared to yesterday. The highest purchasing price is in Đắk Lắk and Đắk Nông at 113,600 VND/kg, while the lowest is in Lâm Đồng at 113,000 VND/kg.
Global Coffee Market
Coffee prices have dropped significantly due to the USD remaining strong amidst escalating conflict in the Middle East, combined with forecasts of rain continuing until the end of next week, which eases concerns about the next crop’s production.
Arabica Coffee Futures for December 2024
Arabica coffee futures for December 2024 turned downward, with the settlement price on October 7 being 244.65 cents/pound, a 4.93% decrease compared to the previous week.
Date | Settlement Price (cent/pound) | Price Change (USD) | Price Change (%) |
9/27/2024 | 269.15 | ||
9/30/2024 | 270.25 | 1.10 | 0.41% |
10/1/2024 | 264.15 | -6.10 | -2.26% |
10/2/2024 | 256.50 | -7.65 | -2.90% |
10/3/2024 | 252.05 | -4.45 | -1.73% |
10/4/2024 | 257.35 | 5.30 | 2.10% |
10/7/2024 | 244.65 | -12.70 | -4.93% |
Robusta Coffee Futures for November 2024
Robusta coffee futures for November 2024 also declined, with the settlement price on October 7 at 4,868 USD/ton, a 3.93% decrease compared to the previous week.
Date | Settlement Price (USD/ton) | Price Change (USD) | Price Change (%) |
9/27/2024 | 5,482 | ||
9/30/2024 | 5,498 | 16 | 0.29% |
10/1/2024 | 5,445 | -53 | -0.96% |
10/2/2024 | 5,111 | -334 | -6.13% |
10/3/2024 | 4,921 | -190 | -3.72% |
10/4/2024 | 5,067 | 146 | 2.97% |
10/7/2024 | 4,868 | -199 | -3.93% |
Source: Compiled Data
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