The Mountain Journal
The coffee market generated Sh 879,680,801 after the sale of 17,442 bags of coffee across various grades, as two brokers New KPCU and Alliance Berries Limited, presented 45 percent of the total.
The price reflected an increase compared to last week’s Sh 692.5 million after the sale of 14,975 bags.
A report from the Nairobi Coffee Exchange (NCE), indicated that in the third auction, five brokers presented 12,899 bags.
Eighteen coffeè brokers participated in the auction where there were 8,079 bags of grade AB, 3,321 bags of grade AA, and 2,270 bags of grade C.
In the market analysis, the New KPCU auctioned 4,624 bags, followed by Alliance Berries with 3,175 bags.
The market posted an average price per bag was at Sh 41,074 ($316.61).
Cooperative societies that achieved the best prices are Sang Young Estate’s through Kipkelion brokers Sh 50,076 ($386) per bag.
In the dealers category, Ibero Kenya led with the purchase of 4,150 bags, followed by Taylor Winch 3,231 bags, C.Dorman3,135 bags, Louis Dreyfus 2,313 bags and Kenyacof 1,658bags.
Coffee Board of Kenya (CBK) Chairman Henry Kinyua
NCE CEO Lisper Ndung’u urged the farmers to continue using the auction as it offers them competitive prices for the quality coffee.
“The buyers are interested with the quality coffee offered in the market, thus need for the farmers to always follow the recommendations from the agronomists to assist them get better prices,” said Ms Ndung’u.
