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Coffee News June 27, 2024

27 thg 6, 2024

Domestic Coffee Prices

Today, domestic coffee prices range from 119,000 to 120,100 VND/kg, with an average of 120,000 VND/kg, a significant decrease of 1,300 VND compared to the previous day. The highest purchase price is in Dak Nong province at 120,100 VND/kg, while the lowest is in Lam Dong province at 119,000 VND/kg.

Global Coffee Situation

The strong rise in the USD has driven Arabica coffee prices down sharply. Although Robusta was rising well, it has been pulled back down by the drop in Arabica prices. Additionally, certified Arabica coffee stocks on the New York market are reported to have increased by 3,849 bags as of June 25.


The price of the September 2024 Arabica Coffee Contract continues to decline sharply. Specifically, the settlement price on June 26 was 224.35 cents per pound, a decrease of 2.16% compared to the previous session.

September 2024 Arabica Coffee Futures price quotes (KCEU24)

Date

Settlement Price (cent/pound)

Change (USD)

Change (%)

6/18/2024

226.25



6/19/2024

226.25

0.00

0.00%

6/20/2024

230.35

4.10

1.81%

6/21/2024

225.0

-5.35

-2.32%

6/24/2024

236.25

11.25

5.00%

6/25/2024

229.3

-6.95

-2.94%

6/26/2024

224.35

-4.95

-2.16%

The price of the September 2024 Robusta Coffee Contract also continues to decline. Specifically, the settlement price on June 26 was $4,059 per ton, a decrease of 1.41% compared to the previous session.

September 2024 Robusta Coffee Futures price quotes (LRCU24)

Date

Settlement Price (cent/pound)

Change (USD)

Change (%)

6/18/2024

3,994



6/19/2024

4,060

66

1.65%

6/20/2024

4,176

116

2.86%

6/21/2024

4,104

-72

-1.72%

6/24/2024

4,252

148

3.61%

6/25/2024

4,117

-135

-3.17%

6/26/2024

4,059

-58

-1.41%


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