× Business BUSINESS MOTORING SHIPPING & LOGISTICS DR PESA FINANCIAL STANDARD Digital News Videos Health & Science Lifestyle Opinion Education Columnists Moi Cabinets Arts & Culture Fact Check Podcasts E-Paper Lifestyle & Entertainment Nairobian Entertainment Eve Woman Travelog TV Stations KTN Home KTN News BTV KTN Farmers TV Radio Stations Radio Maisha Spice FM Vybez Radio Enterprise VAS E-Learning Digger Classified Jobs Games Crosswords Sudoku The Standard Group Corporate Contact Us Rate Card Vacancies DCX O.M Portal Corporate Email RMS

Kenya coffee prices rise at latest sale, amount sold drops

By - | October 3rd 2012

The top price of Kenya's benchmark grade AA coffee rose sharply to $342 per bag at auction this week from $312 at the previous sale, the Nairobi Coffee Exchange (NCE) said on Wednesday.

During the auction, Grade AA sold at $132-$342 per bag, up from $212-$312 last week, NCE said in a market report.

Grade AB fetched $146-$232 per bag compared with the previous week's $154-$232.

Although the east Africa nation is a small coffee producer compared with other producers globally such as Brazil and Vietnam, its specialty beans are much sought after for blending with those from other producers.

NCE said that of the 10,851 bags offered, only 5,276 bags were sold. Last week 17,257 bags were offered, with 9,587 sold.

Overall, the bean fetched a total of $1.16 million with the average price coming in at $179.37. Last week, $1.96 million was realised from the sale of beans with the average price at $168.21. Grade THIS SALE AVERAGE PRICE PREVIOUS SALEAA 132-342 304.57 212-312AB 146-232 198.27 154-232C 137-194 169.91 93-192PB 175-212 200.38 135-207T 81-168 103.08 77-168TT 148-204 170.96 142-192

- Reuters


Share this story
Farmers told to capitalise on Africa’s food deficit
Farmers should capitalise on food insufficiency in their local markets before exporting.
Dog walking becomes the newest hustle in town
Dog walking is now a status symbol. Owning a pet is cool. I nowadays meet lots of Kenyans and foreigners walking their dogs and some running.