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Coffee News August 26, 2024

26 thg 8, 2024

Domestic Coffee Prices:

Today's domestic coffee prices range from 119,200 to 120,200 VND/kg, with an average price of 119,700 VND/kg, marking an increase of 1,600 VND from the previous day. The highest purchase price is recorded in Đắk Nông province at 120,200 VND/kg, while the lowest is in Lâm Đồng province at 119,200 VND/kg.


Global Coffee Market:

Coffee prices remain high due to concerns that climate change is affecting production, threatening global supply.


December 2024 Arabica Coffee Futures:

Arabica coffee futures for September 2024 reversed their trend, with the settlement price on August 23, 2024, at 247.3 cents per pound, up 1.06% from the previous session.


Price Table for December 2024 Arabica Coffee Futures:

Date

Settlement Price (cents/pound)

Price Change (USD)

Price Change (%)

8/15/2024

238.05



8/16/2024

244.10

+6.05

+2.54%

8/19/2024

244.35

+0.25

+0.10%

8/20/2024

248.50

+4.15

+1.70%

8/21/2024

249.25

+0.75

+0.30%

8/22/2024

242.90

-6.35

-2.55%

8/23/2024

247.30

+4.40

+1.81%

November 2024 Robusta Coffee Futures:

Robusta coffee futures for September 2024 also turned upward, with the settlement price on August 23, 2024, at 4,715 USD/ton, up 3.08% from the previous session.


Price Table for November 2024 Robusta Coffee Futures:

Date

Settlement Price (USD/Ton)

Price Change (USD)

Price Change (%)

8/15/2024

4,378



8/16/2024

4,452

+74

+1.69%

8/19/2024

4,476

+24

+0.54%

8/20/2024

4,619

+143

+3.19%

8/21/2024

4,632

+13

+0.28%

8/22/2024

4,574

-58

-1.25%

8/23/2024

4,715

+141

+3.08%

Source: Multiple sources


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