Three-Month Coffee Contract Price Rises to US$228.95 per Pound (Friday, July 5, 2024)

The three-month coffee contract price increased on Friday, July 5, 2024. Today's trading price for the three-month coffee contract was recorded at US$ 228.95 per pound, higher than the previous day's US$ 225.95 per pound. This current condition is similar to the upward trend observed in the three-month coffee contract price over the last day.

Over the past week, the three-month coffee contract price increased by -0.97 percent, with an average daily transaction price of US$ 227.75 per pound. According to Katadata Insight Center (KIC) calculations, year-to-date (YTD), the three-month coffee contract price has risen by 20.4 percent. The highest trading value for the three-month coffee contract commodity this year was US$ 247.95 per pound, recorded on Wednesday, April 17, 2024.

Annually, the average trading price of the three-month coffee contract has shown an upward trend over the past five years. Meanwhile, monthly price monitoring shows an upward trend in transactions over the past 12 months. The highest average monthly price for the three-month coffee contract commodity was recorded in June 2024 at US$ 227.94 per pound.