The Mountain Journal
editor@themountainjournal.co.ke
Presentation of coffee at the auction has reduced as the harvesting of the main crop in the majority of the areas comes to an end.
Large consignments at the coffee auction are expected in the month of May as harvesting of coffee in Meru and the entire Eastern region starts.
In the weekly market, 14,486 bags of coffee netted Sh.685 million, compared to last week’s 21,846 bags that earned Sh1.1 billion..
In the Tuesday weekly auction, coffee brokers delivered 3,078 bags of quality grades of AA and AB, compared to 5,597 bags of last week
Nairobi Coffee Exchange (NCE) indicates that the highest price was achieved by the Riakiberu factory in Mathioya of Sh54,956.
NCE CEO Lisper Ndung’u said in the period between October and February the coffee fetched the best price at the auction.
“ As the volumes decrease at the market marks the end of the main crop and from next month more coffee is expected at the market,” she said.
Ms Ndung’u added that farmers are encouraged to continue in production of the quality coffee that attracts the international buyers..
Nd’ungu explained that seven coffee brokers participated in the auction led by the Kirinyaga Slopes 5,027 bags, New KPCU 3,224 bags, KCCE 1,546 bags, Alliance Berries Limited 2,126 bags, CEBBA 323 bags among others.
In the dealers category, Ibero Kenya Ltd emerged as the dominant buyer, purchasing 4,170 bags valued at Sh 190 million, Louis Dreyfus Company 2,511 bags at Sh 94 million,C. Dorman 1,289 bags for Sh 70 million.
Peter Gikonyo said coffee from Meru and other areas is expected to flood the market from the month of May.
“The main season in Murang’a, Kiambu, Embu, Nyeri and Nyeri is coming to an end thus low business at the auction,” said Gikonyo a farmer at Gaturi society.
