Coffee News September 23, 2024
23 thg 9, 2024
Domestic Coffee Price Situation:
Today, domestic coffee prices fluctuate between 119,000 to 119,500 VND/kg, averaging at 119,300 VND/kg, which is a 500 VND decrease compared to the previous day. The highest purchasing prices are in Gia Lai, Đắk Nông and Đắk Lắk provinces at 119,500 VND/kg, while the lowest is in Lâm Đồng province at 119,000 VND/kg.
Global Coffee Market Situation:
Forecasted rain in Brazil has led to sell-offs on global exchanges, causing a continuous sharp decline in coffee prices.
December 2024 Arabica Coffee Contract Prices:
The price of the December 2024 Arabica coffee contract continues to fall. Specifically, the settlement price on September 20 was 250.75 cents/pound, a decrease of 4.17% compared to the previous session.
Date | Settlement Price (cents/pound) | Price Change (USD) | Price Change (%) |
9/12/2024 | 249.40 | ||
9/13/2024 | 259.45 | 10.05 | 4.03% |
9/16/2024 | 258.55 | -0.90 | -0.35% |
9/17/2024 | 264.50 | 5.95 | 2.30% |
9/18/2024 | 264.40 | -0.10 | -0.04% |
9/19/2024 | 261.65 | -2.75 | -1.04% |
9/20/2024 | 250.75 | -10.90 | -4.17% |
November 2024 Robusta Coffee Contract Prices:
The November 2024 Robusta coffee contract price also continues to decline. The settlement price on September 20 was 5,059 USD/ton, down 3.60% compared to the previous session.
Date | Settlement Price (USD/ton) | Price Change (USD) | Price Change (%) |
9/12/2024 | 5,077 | ||
9/13/2024 | 5,267 | 190 | 3.74% |
9/16/2024 | 5,246 | -21 | -0.40% |
9/17/2024 | 5,303 | 57 | 1.09% |
9/18/2024 | 5,334 | 31 | 0.58% |
9/19/2024 | 5,248 | -86 | -1.61% |
9/20/2024 | 5,059 | -189 | -3.60% |
Source: Compilation.
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