Tanzania arabica coffee prices fall

The average prices of Tanzanian arabica coffee fell at auction tracking a drop in the New York market amid a slowdown in demand from exporters of the commodity.

The east African nation, which ranks behind Ethiopia, Uganda and Ivory Coast in output, produces mainly arabica and a bit of robusta coffee.

The average price for top grade arabica coffee was $191 per bag at the auction held last week, down from $201.41 previously, the Tanzania Coffee Board (TCB) said.