The Mountain Journal
editor@themountainjournal.co.ke
The coffee farmers netted Sh 638 million at the Nairobi Coffee Exchange (NCE) after the sale of 9,886 bags of coffee during the weekly auction.
The report from the NCE indicated that coffee sourced from the cooperatives and estates brokered by Alliance Berries Limited, CEBBA, and New KPCU fetched high prices in the weekly markets.
The market however fetched slightly less than the previous Sh 649.4 million after the sale of 10,850 bags of coffee.
The report detailed that cooperatives achieved the highest prices in the market were Kiangua farmers cooperative (Meru Central) of Sh 63, 418 per bag of the grade AA, Kapsaos Teretmo Sh 63, 289( Uasin Gishu),and Kiairia coffee factory (Kiambu) Sh 62,255, for the coffee marketed by CEBBA and Alliance Berries Limited.
Report by the NCE Acting CEO Symon Mburia stated that in the weekly sale the nine coffee brokers presented 617 bags of grade AA, 3,589 bags of AB, Grade C 2,862 bags..
“In the week the coffee brokers presented to the buyers 615,107 kgs at the auction,” read part of the report by Mburia.
In the coffee brokers category, the report, Alliance Berries presented 3,742 bags that fetched Sh245.8 million, New KPCU 1,949bags(Sh126.3 million),CEBBA 627 bags( Sh40.3 million),Kiambu 111 bag( Sh 5.8 million, Kinya 511 bags ( Sh31.2 million), Kipkelion 877 bags (Sh 55.2 million), Meru 833 bags( Sh55.3 million, Minnesota 684 bags( Sh 44.9 million,and United Eastern 552 bags( Sh35.2 million).
In the dealers category, 14 buyers participated led by C Dorman bought 2,469 bags for Sh 166 million, Ibero Kenya 2,448 bags for Sh, 158.8 million, Kenyacof 2,114 bags ( Sh 137.7 million), Louis Dreyfus 1,307 bags ( Sh74.6 million) among others.
Chairman at Gatagua Farmers Cooperative Harrison Chege said the performance at the auction this week was celebrated by the farmers across the country.
“ The price at the market was encouraging within hopes the same will continue until the coffee year comes to an end on September 30,” said Chege.
