The Mountain Journal
editor@themountainjournal.co.ke
Coffee dealers purchased 12,074 bags of the commodity at Sh 532.4 million during the weekly auction.
The auction at Nairobi Coffee Exchange (NCE) reflected higher returns compared to the previous week of Sh 361.7 million following the auction of 8,960 bags of coffee.
In the reports from the NCE, Gititu factory coffee brokered by Alliance Berries Limited achieved the highest price of Sh 49,263 for each of the 26 bags of grade AA.
Kiganjo factory also affiliated to the Alliance Berries Limited achieved the second highest price of Sh 48,099 for each of 24 bags of grade AA.
In the market, Alliance Berries Limited sold 4,786 bags that earned Sh 217.6 million, KCCE 1,101bags, for Sh47.9 million, Kipkelion 1,876 bags for Sh83.7 million, and Kirinyaga Slopes 973 bags for Sh42.1 million.
In the previous week , Evas Estate in Mathira achieved the highest price of Sh43,473 for its produce brokered by Coffee Estates Bourgeoisie Brokers Limited (CEBBL).
NCE CEO Ms Lisper Ndung’u said in the auction seven coffee brokers participated with Alliance Berries Limited presenting 4,786 bags, Kipkelion 1,876 bags, and New KPCU 1,682 bags.
“In the auction 7,846 bags of grade AA and AB were presented by the coffee brokers out of the 12,074 bags auctioned at Wednesday’s auction,” said Ndung’u.
Cooperative Principal Secretary Patrick Kilemi in the auction cooperatives and estates participated with 12,074 bags that attracted the local and international dealers.
“ We encourage the growers at the counties to increase production of the commodity focusing at the quality that attracts the dealers thus better returns,” said Mr Kilemi.
Among the buyers, Ibero Kenya lead the pack with 2,601 bags, Taylor Winch 2,324 bags, C.Dorman 2,049 bags, Sasini 1,907 bags among others.
The least buyers were First Cup Coffee who purchased six bags, Global Mark Foods seven bags, and Faina Enterprises 11 bags.
Kenya Coffee Producers Association Chairman Peter Gikonyo asks the government to facilitate distribution of the fertiliser to the farmers to help increase production.
“Lack of feritiliser is one of the major challenge facing the coffee sector, thus need for the government to procure enough bags of the commodity,” said Gikonyo.
Others coffee brokers were New KPCU 1,682 bags for Sh73.6 million, Minnesota 1,167 bags for Sh47.7 million, and United Eastern 489 bags for Sh19.3 million
