Last Five Days, Three-Month Coffee Contract Prices Continue to Rise

The three-month coffee contract price for Saturday, October 14, 2023, increased. Today's trading of the three-month coffee contract price was recorded at US$155.1 per pound. This figure is higher than the previous day's trading, which was at US$154.9 per pound. This current condition is similar to the movement of the three-month coffee contract price over the past five days, which has been in a downward trend.

Over the past week, the three-month coffee contract price has grown by 6.67 percent, with an average daily transaction price of US$149.51 per pound. Compared to its position 30 days ago, the movement of the three-month coffee contract price has slowed by 30.56 percent. 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 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 decline. The highest average monthly price for the three-month coffee contract commodity was recorded in February 2022 at US$246.2 per pound.