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Coffee News August 19, 2024

19 thg 8, 2024

Domestic Coffee Price Situation:

Today, domestic coffee prices fluctuated between 117,300 and 118,000 VND/kg, with an average price of 117,600 VND/kg, a decrease of 100 VND compared to yesterday. The highest purchase price was recorded in Đắk Lắk and Đăk Nông provinces at 118,000 VND/kg, while the lowest was in Lâm Đồng province at 117,300 VND/kg.




Global Coffee Market Situation:

The prices of both types of coffee continue to rise due to a decrease in inflation in the U.S., an increase in the Brazilian Real, which has reduced exports, and speculators closing their short positions.


September 2024 Arabica Coffee Futures Price: The September 2024 Arabica Coffee Futures price continues to rise. Specifically, the settlement price on August 16 was 245.45 cents/pound, up 2.31% compared to the previous session.

September 2024 Arabica Coffee Futures Price Table (KCEU24):


Date

Settlement Price (cents/pound)

Price Change (USD)

Price Change Rate (%)

8/8/2024

245.3



8/9/2024

234.05

-11.25

-4.59%

8/12/2024

240.85

6.80

2.91%

8/13/2024

232.7

-8.15

-3.38%

8/14/2024

237.0

4.30

1.85%

8/15/2024

239.9

2.90

1.22%

8/16/2024

245.45

5.55

2.31%

September 2024 Robusta Coffee Futures Price: The September 2024 Robusta Coffee Futures price continues to rise. Specifically, the settlement price on August 16 was 4,655 USD/ton, up 1.84% compared to the previous session.

September 2024 Robusta Coffee Futures Price Table (LRCU24):

Date

Settlement Price (cents/pound)

Price Change (USD)

Price Change Rate (%)

8/8/2024

4,436



8/9/2024

4,326

-110

-2.48%

8/12/2024

4,532

206

4.76%

8/13/2024

4,375

-157

-3.46%

8/14/2024

4,472

97

2.22%

8/15/2024

4,571

99

2.21%

8/16/2024

4,655

84

1.84%

Source: Multiple sources



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