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Coffee News July 16, 2024

16 thg 7, 2024

Domestic Coffee Prices

Today, domestic coffee prices range from 127,400 to 128,000 VND/kg, with an average price of 127,800 VND/kg, a slight decrease of 600 VND compared to yesterday. The highest purchase price is in Dak Nong Province at 128,000 VND/kg, while the lowest is in Lam Dong Province at 127,400 VND/kg.

Global Coffee Market

Today, coffee prices have decreased for both types due to the strengthening US dollar and profit-taking activities by funds and speculators.


The price of the September 2024 Arabica Coffee Contract has turned downward. Specifically, the settlement price on July 15 was 242.15 cents/pound, a decrease of 2.65% compared to the previous session.

Arabica Coffee September 2024 Contract Price (KCEU24)

Date

Settlement Price (cent/pound)

Change (USD)

Change (%)

7/5/2024

228.95



7/8/2024

234.4

5.45

2.38%

7/9/2024

249.95

15.55

6.63%

7/10/2024

243.55

-6.40

-2.56%

7/11/2024

244.85

1.30

0.53%

7/12/2024

248.75

3.90

1.59%

7/15/2024

242.15

-6.60

-2.65%

The price of the September 2024 Robusta Coffee Contract has also turned downward. Specifically, the settlement price on July 15 was $4,583 per ton, a decrease of 0.74% compared to the previous session.

Robusta Coffee September 2024 Contract Price (LRCU24)

Date

Settlement Price (cent/pound)

Change (USD)

Change (%)

7/5/2024

4,185



7/8/2024

4,348

163

3.89%

7/9/2024

4,634

286

6.58%

7/10/2024

4,477

-157

-3.39%

7/11/2024

4,576

99

2.21%

7/12/2024

4,617

41

0.90%

7/15/2024

4,583

-34

-0.74%


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