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Coffee News July 17, 2024

17 thg 7, 2024

Domestic Price

Domestic coffee prices today range from 127,000 to 127,600 VND/kg, with an average of 127,400 VND/kg, a slight decrease of 300 VND compared to yesterday. The highest buying price is in Đắk Nông province at 127,600 VND/kg, while the lowest is in Lâm Đồng province at 127,000 VND/kg.

Global price of coffee

Arabica coffee prices have increased slightly as the latest data shows that non-commercial speculators have raised their long positions in Arabica coffee contracts by 13.57%.


The price of September 2024 Arabica Coffee Futures has risen slightly. Specifically, the settlement price on July 16 was 243.6 cents/pound, an increase of 0.6% compared to the previous session.

September 2024 Arabica Coffee Futures price quotes (KCEU24)

Date

Settlement Price (cent/pound)

Change (USD)

Change (%)

7/8/2024

234.4



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%

7/16/2024

243.6

1.45

0.60%

The price of September 2024 Robusta Coffee Futures continues to decline. Specifically, the settlement price on July 16 was $4,572 per ton, a decrease of 0.24% compared to the previous session.

September 2024 Robusta Coffee Futures price quotes (LRCU24)

Date

Settlement Price (cent/pound)

Change (USD)

Change (%)

7/8/2024

4,348



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%

7/16/2024

4,572

-11

-0.24%

Source: Collected from various sources

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