Coffee News July 24, 2024
24 thg 7, 2024
Domestic Price
Today, domestic coffee prices ranged from 126,000 to 126,700 VND/kg, with an average price of 126,400 VND/kg, down significantly by 1,500 VND compared to yesterday. The highest buying price was in Dak Nong Province at 126,700 VND/kg, while the lowest was in Lam Dong Province at 126,000 VND/kg.
Global price of coffee
Coffee prices fell across the board yesterday as the US dollar strengthened while the Brazilian real depreciated. Additionally, the increase in coffee inventory levels led investors to short the commodity.
The September 2024 Arabica coffee futures contract price decreased. Specifically, the settlement price on July 23 was 239.1 cents per pound, down 1.63% from the previous session.
September 2024 Arabica Coffee Futures price quotes (KCEU24):
Date | Settlement Price (cent/pound) | Change (USD) | Change (%) |
7/15/2024 | 242.15 | ||
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% |
7/22/2024 | 243.05 | 4.85 | 2.04% |
7/23/2024 | 239.1 | -3.95 | -1.63% |
The September 2024 Robusta coffee futures contract price reversed course and fell sharply. Specifically, the settlement price on July 23 was $4,481 per ton, down 2.18% from the previous session.
September 2024 Robusta Coffee Futures price quotes (LRCU24)
Date | Settlement Price (cent/pound) | Change (USD) | Change (%) |
|---|---|---|---|
7/15/2024 | 4,583 | ||
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% |
7/22/2024 | 4,581 | 51 | 1.13% |
7/23/2024 | 4,481 | -100 | -2.18% |
Source: Multiple sources
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