The Mountain Journal
editor@themountainjournal.co.ke
The coffee auction earned Sh 1,039,132,300,after trading 19,017 bags of coffee.
Nairobi Coffee Exchange (NCE) reports reflect the farmers more than last week’s Sh 872.7 million after the auction of 17,293 bags.
The reports further reflected that 11 coffee brokers including Alliance Berries Limited , KCCE and Kirinyaga Slopes delivered 13,058 bags of the commodity at the auction platform.
Gatina factory’s affiliated to Mugaga cooperative society 44 bags of grade AA marketed by Alliance Berries Limited achieved the highest price of Sh56,944 each($440)
The price is higher than the Sh54,519.50 of last week achieved by the Gicherori, and Gititu factories.
The report further explains that 12 percent were sold above Sh 51,788 per bag.
NCE CEO Lisper Ndung’u said the coffee brokers presented 14,328 bags of grade AA and AB at the auction market that fetched Sh 822,904,209.
She said Alliance Berries Limited delivered the largest consignment of 7,910 bags that were bought for Sh432,653,289, followed by KCCE with 2,132 bags that fetched Sh115,149,550.
“The auction attracted 13 local and international buyers with Taylor Winch led with 4,972 bags for Sh281,155,624, followed by Ibero Kenya 4,732 bags for Sh236,090,395, Kenyacof 2,778 bags that fetched Sh162,412,484 among others,” she said.
Bekas System, the report outlined, bought 15 bags and Kyandu Trading 36 bags of coffee.
Cooperative Principal Secretary Patrick Kilemi said there was a need for the growers to take the produce to the market when the prices are good.
“ There is a need for the leaders in the cooperative societies to take advantage of the market owing to the lucrative prices offered,” said Kilemi.
New KPCU presented 1,438 bags that were bought at Sh79,756,889, Murang’a coffee broker 392 bags that fetched Sh22,597,001, and Kipkelion 1,964 bags for Sh101,250,048.
