Three-Month Coffee Contract Price Closed at US$191.18 per Pound (Friday, February 2, 2024)

Investing.com notes that the price of the three-month coffee contract today fell 1.56 percent to US$191.18 per pound. This price drop is considerably higher than the average price movement over the last week.

This week, the three-month coffee contract price saw its highest surge on Tuesday, January 30, 2024, at 2.51 percent. It has strengthened by 0.54 percent compared to its year-start position.

The current situation is similar to the previous three-month coffee contract price movement, which was in an upward trend.

Over the last week, the three-month coffee contract price grew by 0.91 percent, with an average daily transaction price of US$191.93 per pound. Compared to its position 30 days ago, the three-month coffee contract price has slowed by 5.54 percent. Indeed, from its highest price this year at US$194.2 per pound, the three-month coffee contract price has fallen 1.56 percent.

Annually, the average trading price of the three-month coffee contract over the last 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 for the three-month coffee contract commodity was recorded in June 2022 at US$230.29 per pound.