Coffee News September 18, 2024
18 thg 9, 2024
Domestic Coffee Prices:
Today's domestic coffee prices range from 123,000 to 123,400 VND/kg, with an average price of 123,100 VND/kg, an increase of 200 VND compared to yesterday. The highest purchasing prices are in Gia Lai, Đắk Nông, and Đắk Lắk provinces at 123,400 VND/kg, while the lowest is in Lâm Đồng province at 123,000 VND/kg.
Global Coffee Market Situation:
Global coffee prices are under pressure due to concerns about adverse weather, particularly in Brazil and Vietnam, the two largest coffee-producing countries in the world.
Arabica Coffee Contract Prices for December 2024:
The price of the Arabica coffee contract for December 2024 continues to rise. Specifically, the settlement price on September 17 was 264.50 cents/pound, up 2.30% from the previous session.
Date | Settlement Price (cents/pound) | Price Change (USD) | Price Change Rate (%) |
9/9/2024 | 245.40 | ||
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% |
9/17/2024 | 264.50 | 5.95 | 2.30% |
Robusta Coffee Contract Prices for November 2024:
The price of the Robusta coffee contract for November 2024 rebounded. The settlement price on September 17 was 5,303 USD/ton, an increase of 1.09% from the previous session.
Date | Settlement Price (USD/Ton) | Price Change (USD) | Price Change Rate (%) |
9/9/2024 | 4,891 | ||
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% |
9/17/2024 | 5,303 | 57 | 1.09% |
Source: Compiled Data
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