Three-Month Coffee Contract Price Traded at US$244.05 per Pound (Wednesday, July 17, 2024)
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The three-month coffee contract price fell on Wednesday, July 17, 2024. Today's trading price for the three-month coffee contract was recorded at US$244.05 per pound, lower than the previous day's US$245.4 per pound. This is contrary to the recent upward trend in the three-month coffee contract price over the past day.
Over the past week, the three-month coffee contract price increased by 3.32 percent, with an average daily transaction price of US$246.93 per pound. As a result, the three-month coffee contract price has risen 28.35 percent in 2024 from its year-start level of US$190.15 per pound. However, it has fallen 3.15 percent from its yearly high of US$252 per pound.
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 was recorded in July 2024 at US$239.73 per pound.
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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