Three-Month Coffee Contract Price Traded at US$224.2 per Pound (Wednesday, July 3, 2024)

July 5, 2024 recorded a 2.14% decrease in the three-month coffee contract price to US$224.2 per pound. This price drop is considerably higher than the average price movement over the past week.

This week, the three-month coffee contract price saw its highest surge on Tuesday, July 2, 2024, at 1.06%. It has strengthened by 17.91% compared to its year-start position.

The current situation is similar to the movement of the three-month coffee contract price in the last 24 hours, which is currently on an upward trend.

Over the past week, the three-month coffee contract price movement grew by -5.8%, with an average daily transaction price of US$227.82 per pound. Compared to the price at the beginning of the year, the three-month coffee contract price has grown by 17.91%. The highest trading value for the three-month coffee contract commodity this year was recorded at US$247.95 per pound on Wednesday, April 17, 2024.

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 increase. The highest average monthly price for the three-month coffee contract commodity was recorded in September 2022 at US$228.56 per pound.