Three-Month Coffee Contract Price Rises to US$184.1 (Tuesday, January 9, 2024)

The three-month coffee contract price increased on Tuesday, January 9, 2024. Today's trading price for the three-month coffee contract was recorded at US$ 184.1 million rupiah. This is higher than the previous day's trading price of US$ 181.4 million rupiah. This current situation is similar to the previous trend of the three-month coffee contract price, which was declining.

Over the past week, the three-month coffee contract price movement slowed by 7.02 percent, with an average daily transaction price of US$ 185.51 million rupiah. As a result, throughout 2024, the three-month coffee contract price has fallen by 3.18 percent from its year-opening position of US$ 190.15 million rupiah. The highest trading value for the three-month coffee contract commodity this year was transacted at US$ 190.15 million rupiah, which occurred on Tuesday, January 2, 2024.

Annually, the average trading price of the three-month coffee contract over the past five years has been on an upward trend. Meanwhile, for monthly price monitoring, transactions in the last 12 months have tended to decline. The highest average monthly price for the three-month coffee contract commodity was recorded in June 2022 at US$ 230.29 million rupiah.