Three-Month Coffee Contract Price Rises for Four Consecutive Days

The three-month coffee contract price increased on Thursday, April 4, 2024. Today's trading price for the three-month coffee contract was recorded at US$206.88 per pound, higher than the previous day's US$203.60 per pound. This continues the upward trend in the three-month coffee contract price over the past four days.

Over the past week, the three-month coffee contract price has grown by 11.44%, with an average daily transaction price of US$195.37 per pound. According to Katadata Insight Center (KIC) calculations, year-to-date (YTD), the three-month coffee contract price has increased by 8.8%. This trading price represents the highest point reached this year.

Annually, the average trading price of the three-month coffee contract has shown an upward trend over the past five years. However, monthly price monitoring shows a downward trend in transactions over the past 12 months. The highest average monthly price for the three-month coffee contract was recorded in June 2022 at US$230.29 per pound.