Three-Month Coffee Contract Price Traded at US$147.85 per Pound (Thursday, October 12, 2023)

The three-month coffee contract price for Thursday, October 12, 2023, increased. Today's trading of the three-month coffee contract price was recorded at US$ 147.85 per pound. This figure is higher than the previous day's trading, which was at US$ 147.7 per pound. This current condition is similar to the movement of the three-month coffee contract price over the past three days, which has been in a downward trend.

Over the past week, the three-month coffee contract price movement slowed by 0.61 percent, with an average daily transaction price of US$ 146.7 per pound. As a result, throughout 2023, the three-month coffee contract price has fallen by 2.44 percent from its year-start position of US$ 151.55 per pound. The highest trading value for the three-month coffee contract commodity this year was transacted at US$ 167.5 per pound, which occurred on Tuesday, September 19, 2023.

Annually, the average trading price of the three-month coffee contract has been in an upward trend over the past five years. Meanwhile, for monthly price monitoring, transactions in the last 12 months have tended to decrease. The highest average monthly price for the three-month coffee contract commodity was recorded in February 2022 at US$ 246.2 per pound.