The Mountain Journal
Cooperative societies and estates affiliated to Alliance Berries Limited and New KPCU continued to reap better returns from the coffee auction at the Nairobi Coffee Exchange (NCE).
The farmers earned Sh499,355,137 for the sale of 11,864 bags of coffee compared to the Sh397.1 million which was earned in the previous week upon the sale of
9,826 bags of the commodity.
In the weekly coffee market, those that achieved the highest prices for their AA grades are Mwithu Estate Sh 42,957, Kaukiswiwa factory of Kambusu cooperative society Sh42,957, Riakiania Sh42,828, Karogoto Sh39,990.
The lowest achieved price in the auction was Sh14,906 per bag of coffee.
In the reports, there were 13 local and international coffee dealers with Louis Dreyfus leading the pack with 2,202 bags of coffee, followed by Ibero Kenya with 1,967 bags.
Taylor Winch was ranked the third after the purchase of 1,847 bags of coffee
NCE CEO Lisper Ndung’u said the nine coffee brokers who participated in the auction delivered 7,924 bags of AA and AB that attracted the buyers in the market.
The leading coffee brokers at the auction were Alliance Berries Limited 2,697 bags that fetched Sh 113,568,841 followed by the New KPCU delivered 2,291 bags that fetched Sh99,415,486, KCCE 1,604 bags that were auctioned for Sh70,373,044.
Ndung’u urged the farmers in the cooperative and estate categories to continue producing the quality coffee.
“ The market is focused on the quality thus the need for the producers to increase production.” said Ms Ndung’u.
Cooperative Principal Secretary Patrick Kilemi said there was a need for the growers to increase production of the commodity to meet the buyers requirement.
“ There is a need for the farmers to engage the agronomists in the counties focusing on the increased production of the quality grades,” said the Principal Secretary.
Kenya Coffee Producer Association Chairman Peter Gikonyo said the small scale coffee holders are in need of subsided fertiliser that the government promised.
Gikonyo said the farmers will be able to produce quality coffee if the inputs are provided.
“ Majority of the farmers are in the cooperative sector and who should be supported by the government to achieve the desired production,” said Gikonyo.
Other coffee brokers were CEBB 416 bags for Sh17,666,685,Kiambu Coffee 320 bags for Sh12,650,139,Kipkelion 818 bags Sh36,494,166, Kirinyaga Slopes 1,052 bags Sh46,734,292.
Meru Coffee 821 bags that fetched Sh28,830,750,Minnesota Coffee 1,614 bags for Sh63,770,058, and Murang’a Coffee 231 bags for Sh8, 766,035.
for comments reach the editor through editor@themountainjournal.co.ke
