Coffee News July 22, 2024
22 thg 7, 2024
Domestic Price
Today, domestic coffee prices range from 126,500 to 127,200 VND/kg, averaging at 127,000 VND/kg, an increase of 500 VND compared to yesterday. The highest purchase price is in Đăk Nông province at 127,200 VND/kg, while the lowest is in Lâm Đồng province at 126,500 VND/kg.
Global price of coffee
According to a report by the Agricultural Consulting Company Safras & Mercado, as of July 16, Brazil's coffee harvest for the 2024/25 season has been 74% completed, faster than the 66% completion rate at the same time last year. This has cooled down coffee prices, especially for Arabica coffee.
Arabica September Futures price falled three consecutive session. Specifically, the settlement price on July 19 was 238.2 cents per pound, down 1.12% from the previous session.
September 2024 Arabica Coffee Futures price quotes (KCEU24):
Date | Settlement Price (cent/pound) | Change (USD) | Change (%) |
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% |
7/17/2024 | 243.15 | -0.45 | -0.18% |
7/18/2024 | 240.9 | -2.25 | -0.93% |
7/19/2024 | 238.2 | -2.70 | -1.12% |
September 2024 Robusta Coffee Futures prices have rebounded. Specifically, the settlement price on July 19 was 4530 USD/ton, up 1.14% from the previous session.
September 2024 Robusta Coffee Futures price quotes (LRCU24)
Date | Settlement Price (cent/pound) | Change (USD) | Change (%) |
7/12/2024 | 4,617 | 41 | 0.90% |
7/15/2024 | 4,583 | -34 | -0.74% |
7/16/2024 | 4,572 | -11 | -0.24% |
7/17/2024 | 4,570 | -2 | -0.04% |
7/18/2024 | 4,479 | -91 | -1.99% |
7/19/2024 | 4,530 | 51 | 1.14% |
Source: Collected from various sources
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