Coffee News July 23, 2024
23 thg 7, 2024
Domestic coffee
Today's domestic coffee prices range from 127,500 to 128,200 VND/kg, averaging 127,800 VND/kg, an increase of 1,000 VND compared to yesterday. The highest purchase price is in Đăk Nông province at 128,200 VND/kg, while the lowest is in Lâm Đồng province at 127,500 VND/kg.
Global priced coffee
Some notable updates on coffee include: Coffee prices increased in yesterday's session as funds and speculators bought in after strong selling sessions last week. Additionally, some forecasts indicate that Brazil's coffee production may be lower than previously estimated.
The September 2024 Arabica Coffee Futures Contract has turned back up. Specifically, the settlement price on July 22 was 243.05 cents/pound, up 2.04% from the previous session.
Price Table for September 2024 Arabica Coffee Futures Contract (KCEU24)
The September 2024 Robusta Coffee Futures Contract continued to rise. Specifically, the settlement price on July 22 was 4581 USD/ton, up 1.13% from the previous session.
Price Table for September 2024 Robusta Coffee Futures Contract (LRCU24)
Source: Multiple Source
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