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In November 2017, the price of coffee traded to its last significant peak at $1.76 per pound. The high was lower than in October 2014 when it reached $2.2550, and in May 2011 when the high was at $3.0625. The highest price for coffee came back in 1977 when the price reached $3.3750 per pound, coffee traded at $3.18 in 1997, which was a lower high.
As an agricultural commodity, the price of coffee is always a function of the weather and crop diseases that can impact annual supplies. Over the recent years, abundant crops