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Coffee News September 24, 2024

24 thg 9, 2024

Domestic Coffee Prices:

As of today, domestic coffee prices fluctuate between 120,200 to 120,700 VND/kg, with an average price of 120,500 VND/kg, marking an increase of 1,200 VND compared to the previous day. The highest purchasing prices are recorded in Gia Lai, Đắk Nông, and Đắk Lắk provinces at 120,700 VND/kg, while the lowest is in Lâm Đồng province at 120,200 VND/kg.

Global Coffee Market:

Harsh weather conditions during the harvest season have put pressure on supply, pushing coffee prices higher.


Arabica Coffee Futures Contract for December 2024:

The Arabica coffee futures contract for December 2024 has reversed and increased. Specifically, the settlement price on September 23 was 263.65 cents/pound, up 5.14% compared to the previous session.

Date

Settlement Price (cents/pound)

Price Change (USD)

Price Change (%)

9/13/2024

259.45



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%

9/23/2024

263.65

12.90

5.14%

Robusta Coffee Futures Contract for November 2024:

The Robusta coffee futures contract for November 2024 also saw a reversal, with the settlement price on September 23 reaching 5,276 USD/ton, an increase of 4.29% compared to the previous session.

Date

Settlement Price (USD/ton)

Price Change (USD)

Price Change (%)

9/13/2024

5,267



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%

9/23/2024

5,276

217

4.29%

Source: Compilation

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