By Sean Ngirici/The Mountain Journal
editor@themountainjournal.co.ke
The coffee market has continued posting declining payment to the growers during the weekly auction.
The Nairobi Coffee Exchange (NCE) on Tuesday posted a sale of Sh 316.1 million following the auction of 5,818 bags, being low compared to that of the previous week of Sh376 million.
In the NCE reports, eight coffee brokers led by Meru Cooperative Union marketed 2,124 bags and Alliance Berries Limited 1,546 bags of coffee in the market that attracted 17 buyers.
In the market, Mathira North FCS’s Kiamariga farmers cooperative society achieved the best price of Sh 51,841 per bag of grade AA.
Kiamariga farmers through Alliance Berries Limited had presented 10 bags of high quality grade AA at the auction.
The second best price was achieved by Kiria factory of Sh51,711 per bag grade AA, for each of the nine bags auctioned through Meru Union.
The NCE reports indicate that brokers marketed 1,006 bags of grade AA that fetched Sh59.4 million, and 2,683 grade AB for Sh147.5 million.
“In the dealers category, C.Dormans bought 1,366 bags that fetched Sh75.4 million,Louis Dreyfus 994 bags for Sh 51.8 million, Ibero Kenya 955 bags for Sh49.4million, Kenyacof 717bags, for Sh40.6 million among others,” read part of the report by the acting CEO Symon Mburia.
The report stated that Meru Union fetched Sh118.6 million, Alliance Berries Sh85. 5 million after the sale of 2,124 bags and 1,546 bags respectively.
CEBBA auctioned 335 bags for Sh17.7 million, United Eastern 314 bags that fetched Sh14.7 million, Baringo 59 bags, Kinya 720 bags, Kipkelion 347 bags, Minnesota 373 bags, among others.
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