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

July 5, 2024 saw the three-month coffee contract price increase by 1.33 percent to US$228.95 per pound. This increase is significantly higher than the average price movement over the past week.

This marks the highest jump this week for the three-month coffee contract, reaching a 1.33 percent increase on Friday, July 5, 2024. This represents a 20.4 percent strengthening compared to the beginning of the year.

This upward trend is consistent with the price movement of the three-month coffee contract over the last 24 hours.

Over the past week, the three-month coffee contract price grew by -0.97 percent, with an average daily transaction price of US$227.75 per pound. Compared to the price 30 days ago, the three-month coffee contract price has grown by 5.41 percent. The highest trading value for the three-month coffee contract this year was US$247.95 per pound, recorded on Wednesday, April 17, 2024.

The average annual trading price of the three-month coffee contract has shown an upward trend over the past five years. Monthly price monitoring over the past 12 months also indicates an upward trend. The highest average monthly price for the three-month coffee contract was recorded in June 2024 at US$227.94 per pound.