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Coffee News September 27, 2024

27 thg 9, 2024

Domestic Coffee Prices:

Today's domestic coffee prices range from 121,400 to 122,600 VND/kg, with an average price of 122,000 VND/kg, an increase of 600 VND compared to yesterday. The highest purchase price is in Đắk Lắk province at 122,600 VND/kg, while the lowest is in Gia Lai province at 120,800 VND/kg.


Global Coffee Situation:

Unfavorable weather is the main reason for the decline in coffee production in Brazil and Vietnam, leading to rising prices.


Arabica Coffee December 2024 Contract:

The price of the December 2024 Arabica Coffee Contract continues to rise. The settlement price on September 26 was 273.90 cents per pound, an increase of 1.78% compared to the previous session.

Date

Settlement Price (cents/pound)

Price Change (USD)

Price Change (%)

9/18/2024

264.40



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%

9/24/2024

267.80

4.15

1.57%

9/25/2024

269.10

1.30

0.49%

9/26/2024

273.90

4.80

1.78%

Robusta Coffee November 2024 Contract:

The price of the November 2024 Robusta Coffee Contract also continues to rise. The settlement price on September 26 was 5,527 USD/ton, an increase of 1.49% compared to the previous session.

Date

Settlement Price (USD/ton)

Price Change (USD)

Price Change (%)

9/18/2024

5,334



9/19/2024

5,248

-86

-1.61%

9/20/2024

5,059

-189

-3.60%

9/23/2024

5,276

217

4.29%

9/24/2024

5,312

36

0.68%

9/25/2024

5,446

134

2.52%

9/26/2024

5,527

81

1.49%

Source: Compilation

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