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Kenya Benchmark AA Price Drops as Supply Increases

Auction prices for Kenya’s benchmark AA coffee dropped 2 percent from last week as supplies have increased, according to the Nairobi Coffee Exchange. Total sales at Kenya’s weekly auction were 12,898 bags, worth $2.7 million, up 58 percent from last week.

Following are the details of the auction, provided by the Kenya Coffee Producers and Traders Association (in U.S. dollars per 110-pound bag:

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