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Tanzania arabica coffee prices fall

BUSINESS
By Reuters | Dec 14th 2014 | 1 min read
By Reuters | December 14th 2014
BUSINESS

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.

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