Coffee News September 17, 2024
17 thg 9, 2024
Domestic Coffee Price Situation
Today's domestic coffee prices range from 122,800 to 123,200 VND/kg, averaging at 122,900 VND/kg, a decrease of 600 VND compared to yesterday. The highest purchase prices are in Gia Lai, Đắk Nông, and Đắk Lắk provinces at 123,200 VND/kg. The lowest price is in Lâm Đồng province at 122,800 VND/kg.
Global Coffee Market Situation
Extreme weather conditions, combined with factors such as the weakening of the US dollar and shipping delays, have contributed to increasing instability in the market.
Arabica Coffee Futures Contract for December 2024
The Arabica coffee futures contract for December 2024 has turned downward. Specifically, the settlement price on September 16 was 258.55 cents/pound, a decrease of 0.35% from the previous session.
Date | Settlement Price (cents/pound) | Price Change (USD) | Percentage Change (%) |
9/6/2024 | 236.00 | ||
9/9/2024 | 245.40 | 9.40 | 3.98% |
9/10/2024 | 247.20 | 1.80 | 0.73% |
9/11/2024 | 246.65 | -0.55 | -0.22% |
9/12/2024 | 249.40 | 2.75 | 1.11% |
9/13/2024 | 259.45 | 10.05 | 4.03% |
9/16/2024 | 258.55 | -0.90 | -0.35% |
Robusta Coffee Futures Contract for November 2024
The Robusta coffee futures contract for November 2024 also declined, with the settlement price on September 16 at 5,246 USD/ton, a decrease of 0.40% from the previous session.
Date | Settlement Price (USD/Ton) | Price Change (USD) | Percentage Change (%) |
9/6/2024 | 4,770 | ||
9/9/2024 | 4,891 | 121 | 2.54% |
9/10/2024 | 4,897 | 6 | 0.12% |
9/11/2024 | 5,008 | 111 | 2.27% |
9/12/2024 | 5,077 | 69 | 1.38% |
9/13/2024 | 5,267 | 190 | 3.74% |
9/16/2024 | 5,246 | -21 | -0.40% |
Source: Compilation
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