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Coffee Futures Historical Price Charts From 1974 to 2001

Price cycles are more prevalent in our daily lives than what we think and this is especially true for coffee futures price cycle.

From the study of coffee futures historical price charts, a price booming period is followed by a price busting period and so on.

Coffee Futures Historical Price Charts

Price bottomed in years 1974, 1979, 1985, 1988, 1994 and 1997. There were price tops in year 1977, 1981, 1987, 1989, 1995 and 1999.

4/5 Years Coffee Futures Price Cycle

From the time a coffee tree is planted, it takes another 4 to 5 years for it to become productive. It will remain so for the next 15-25 years. Hence, supply will lag any increase in demand until 4/5 years later.

Even when coffee producers see a huge increase in coffee futures price, they are unable to increase production immediately to obtain larger profits. As traders, we are lucky because we can buy up more coffee futures contracts and sell them off later.

When coffee futures price is high, coffee producers would increase the planting, and set the stage for the next coffee price crash due to oversupply. Prices then continue at depressed levels until sufficient land allocated for coffee planting is taken out for other more profitable crops.

In 1998, this pattern was observed, with the market being oversupplied in 2001. For the next 10 year, coffee futures price remains low and there is not much money to be made in coffee related products. Interestingly, higher oil prices in 2008 saved coffee, as all major commodities rose higher together.

Cornering of The Coffee Market

Historically, there has been attempts to manipulate the price of coffee through increased production.In 1880, Brazil tried to corner the coffee market by producing lots of coffee commodity, but their attempt failed.

International Coffee Organization Controls Coffee Price

International Coffee Organization (ICO), an organization made up of coffee exporting and importing countries, has came up with a coffee price index, to derive a standardized measurement of coffee price information from various wholesale market worldwide. ICO also decides on the export quotas of the various exporting countries. The quota is reduced when index fell below $1.20/lb, and increased when index rose above $1.40/lb.

Study the Coffee Futures Historical Price Charts

Coffee futures contract trades in Arabica coffee, in particular grade green beans, from one of the 19 coffee producing countries.

Standard Coffee Contract (NYMEX)
Symbol KT
Per Contract Size 37,500 pounds
Price Quotation U.S. Dollars per pound
Minimum Price Fluctuation $0.0005 per pound, equivalent to $18.75 per contract.
Termination of Trading Trading terminates on the first notice day
Standard Coffee Contract (ICE-NYBOT)
Symbol KC
Per Contract Size 37,500 pounds
Price Quotation U.S. Dollars per pound
Minimum Price Fluctuation $0.0005 per pound, equivalent to $18.75 per contract.
Termination of Trading Trading terminates on the first notice day

Year 1974

Year 1975

Year 1976

Year 1977

Year 1978

Year 1979

Year 1980

Year 1981

Year 1982

Year 1983

Year 1984

Year 1985

Year 1986

Year 1987

Year 1988

Year 1989

Year 1990

Year 1991

Year 1992

Year 1993

Year 1994

Year 1995

Year 1996

Year 1997

Year 1998

Year 1999

Year 2000

Year 2001

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