Three-Month Coffee Contract Price Closed at US$ 178.55 per Pound (Thursday, December 7, 2023)

Investing.com notes that the price of three-month coffee contracts today fell 3.62 percent to US$178.55 per pound. This price drop is considerably higher than the average price movement over the last week.

This week, the price of three-month coffee contracts saw its highest surge on Tuesday, December 5, 2023, at 2.62 percent. It has strengthened by 17.82 percent compared to its year-start position.

This situation complements the price movement of three-month coffee contracts over the last two days, which have been on an upward trend.

Over the past week, the price movement of three-month coffee contracts slowed by 2.78 percent, with an average daily transaction price of US$188.22 per pound. As a result, throughout 2023, the price of three-month coffee contracts has increased by 17.82 percent from its year-start position of US$151.55 per pound. The highest trading value for three-month coffee contracts this year was recorded at US$195 per pound on Thursday, November 30, 2023.

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 decline. The highest average monthly price for three-month coffee contracts was recorded in February 2022 at US$246.2 per pound.