Three-Month Coffee Contract Price Falls to US$147.48 per Pound (Wednesday, October 11, 2023)

The three-month coffee contract price for Wednesday, October 11, 2023, decreased. Today's trading of the three-month coffee contract price was recorded at US$147.48 per pound. This figure is lower than the previous day's trading, which was at US$147.50 per pound. This current condition is similar to the previous trend of the three-month coffee contract price, which has been shrinking.

Over the past week, the three-month coffee contract price movement slowed by 1.09 percent, with an average daily transaction price of US$146.80 per pound. As a result, throughout 2023, the three-month coffee contract price has fallen by 2.69 percent from its year-beginning position of US$151.55 per pound. From its highest price this year of US$167.50 per pound, the three-month coffee contract price has fallen by 11.95 percent.

Annually, the average trading price of the three-month coffee contract has shown an upward trend over the past five years. Meanwhile, for monthly price monitoring, transactions in the last 12 months have tended to shrink. The highest average monthly price for the three-month coffee contract commodity was recorded in February 2022 at US$246.20 per pound.