At the end of the trading session on October 3, the price of robusta coffee futures in November continued to decrease sharply, losing 190 USD/ton compared to the previous session. In just 2 sessions, Robusta coffee prices have decreased by more than 500 USD/ton.
Robusta coffee futures price in November 2024:
| Day | Price matches | Change | % |
| October 3, 2024 | 4921 | -190 | -3.72 |
| October 2, 2024 | 5111 | -334 | -6.13 |
| October 1, 2024 | 5445 | -53 | -0.96 |
| September 30, 2024 | 5498 | +16 | +0.29 |
| September 27, 2024 | 5482 | -45 | -0.81 |
Arabica coffee prices also decreased equally, Arabica futures prices in December decreased by 4.45 cents/kg, to 252.05 US cents/lb. Information about the EU’s proposal to postpone the implementation of regulations prohibiting the import of products related to deforestation (EUDR) creates additional negative pressure on the market.
In the domestic market, coffee prices today decreased by 2,500 VND/kg, trading around 113,500 to 115,000 VND/kg.
Related news:
– Coffee prices came under further pressure as the Brazilian real fell to a one-week low on Thursday. The weak real makes Brazilian coffee producers boost exports.
– According to the Foreign Agricultural Service (FAS) of the US Department of Agriculture (USDA), world coffee production in the 2024/25 crop year is forecast to increase by 4.2% over the same period last year, reaching 176.235 million bags. . Of which, arabica output increased by 4.4%, reaching 99.855 million bags, and robusta output increased by 3.9%, reaching 76.38 million bags.
Thinh whistle (Giacaphe.com)
