Three-Month Coffee Contract Price Closed at US$190.48 per Pound (Wednesday, February 7, 2024)

The three-month coffee contract price for transactions on Wednesday, February 7, 2024, increased. Today's trading of the three-month coffee contract price was recorded at US$190.48 per pound. This figure is higher than the previous day's trading, which was at US$188.2 per pound. The current situation is similar to the previous movement of the three-month coffee contract price, which is in an upward trend.

Over the past week, the three-month coffee contract price movement grew by 0.65 percent, with an average daily transaction price of US$191.77 per pound. Compared to its position 30 days ago, the movement of the three-month coffee contract price has slowed by 1.2 percent. Even from its highest price this year at US$194.2 per pound, the three-month coffee contract price has fallen by 1.92 percent.

Annually, the average trading price of the three-month coffee contract over the past five years has been in an upward trend. Meanwhile, for monthly price monitoring, transactions in the last 12 months have tended to decline. The highest average monthly price of the three-month coffee contract commodity was recorded in June 2022 at US$230.29 per pound.