The Mountain Journal
editor@themountainjournal.co.ke
Coffee dealers bought 33,673 bags of coffee at Sh 2 billion at the Nairobi Coffee Exchange (NCE) during the weekly market on Tuesday up from the previous week of Sh1.9 billion.
The NCE report states Alliance Berries Limited, Kirinyaga Slopes, KCCE and New KPCU delivered the largest consignment from the cooperatives and estates.
The report further stated that Alliance Berries Limited sold 15,005 bags of coffee that netted Sh 905 million.
The factories whose produce was auctioned by Alliance berries Limited,. Kirinyaga slopes and KCCE achieved the best prices in the auction.
According to the market report Kiaga factory achieved the highest sale of 57,663 for each of the 29 bags of AA grade.
According to the report Kieni factory achieved the highest price of Sh57,084 for each of the 78 bags of AA grade followed by Kiamabara Sh56,309, Kangocho Sh56,309 among others.
Interestingly, Kiambara factory achieved Sh51,729 for each of the 24 bagS of grade C.
.Murang’a based Mathare ini achieved Sh 56,180 per bag of grade AA.
Kiangoi factory produce brokered by Kirinyaga slopes fetched Sh55,728 also Kapsaos Toretmo factory based in the Rift Valley achieved Sh46,752 for each of the 70 bags of grade AA at the NCE.
In the brokers performance, Alliance Berries sold 15,005 bags, CEBBL 527 bags, KCCE 3,454 bags, Kipkelion 1,337 bags, Kirinyaga Slopes 4,661 bags, Minnesota 2,741 bags, New KPCU 2,529 bags among others.
In the dealers category, Louis Dreyfus bought 9,758 bags, C Dorman 7,911 bags, Ibero Kenya 4,898 bags,Taylor Winch 4,360 bags, Sasini 2,864 bags.
The report further detailed that at the auction First Cup Coffee Ltd bought three bags of coffee valued at Sh243,048.
NCE CEO Lisper Ndung’u said in the market there were 9,286 bags of grade AA and 14,553 bags of AB that attracted the local and international buyers.
“This auction reinforces the strength of Kenya’s coffee sector. The demand for our high-quality beans remains strong, but we must continue improving quality and market access to ensure farmers receive the best value for their produce,” she said.
“ The prevailing impressive prices of the commodity were witnessed 15 years ago. She emphasized the importance of transparency and direct market linkages in strengthening Kenya’s coffee trade,” said Ndung’u.
