Three-Month Coffee Contract Price Falls to US$232.48 per Pound (Tuesday, August 13, 2024)

Investing.com notes that the price of three-month coffee contracts today fell 3.48 percent to US$232.48 per pound. This price drop is significantly higher than the average price movement over the last week.

This week, the price of three-month coffee contracts saw its highest surge on Monday, August 12, 2024, at 2.91 percent. It has strengthened by 22.26 percent compared to its year-to-date position.

The current situation is similar to the movement of three-month coffee contract prices in the last 24 hours, which are currently in a downward trend.

Over the past week, the price of three-month coffee contracts grew by 0.86 percent, with an average daily transaction price of US$237.23 per pound. Compared to its position 30 days ago, the price of three-month coffee contracts has grown by 2.55 percent. The highest trading value for three-month coffee contracts this year was recorded at US$252 per pound on Tuesday, July 9, 2024.

Annually, the average trading price of three-month coffee contracts 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 increase. The highest average monthly price for three-month coffee contracts was recorded in July 2024 at US$237.74 per pound.