Skip to main content

Kenya AA Grade Slips 6.1 Percent at Auction, Prices High Overall

 

A four-week recess of the Nairobi Coffee Exchange seems to have rejuvenated Kenya coffee prices, although the average cost of Kenya’s top AA grade coffee has dipped six percent as supply picked up.

Supplies of the grade have increased by nearly 600 50-kilogram bags to 1,651 bags, according to a Bloomberg report, but supplies of all Kenyan coffee grades has dropped 28 percent to some 23,000 bags since the July 18 recess.

“On the whole prices were high because of competition for the beans after the recess,” Kizito Keya, from Mumba Coffee Ltd., told Bloomberg from Nairobi.

According to the Nairobi Coffee Exchange, following are the details of yesterday’s auction (in U.S. dollars per 50-pound bag):

Grade          Low            High          Average
AA             198            340           275.23
AB             156            240           190.21
C              136            175           168.01
E              264            264           264.00
HE             119            119           119.00
MH             129            143           139.52
ML              70            122            77.56
PB             166            194           177.52
T               96            165           142.84
TT             152            170           163.02
UG             101            167           155.84
UG1            101            172           160.59
UG2             72            157           120.81
UG3             74             79            76.72

Comment

Leave a Reply

Your email address will not be published. Required fields are marked *