The coffee market fetched Sh 1. 27 billion after the sale of 28,108 bags of the commodity at the Nairobi Coffee Exchange (NCE) in the weekly auction.
In the market analysis, NCE reports that last week the coffee brokers offered 32,550 bags of coffee that netted Sh 1.5 billion.
Aska Cheruto estate achieved the highest price of Sh 49,824 for each of the four bags of grade AA marketed by CEBBA.
Kiangundo achieved the second-highest price of Sh47,618, and Wahundura Sh 45,672, Mutheru Sh 45,412, marketed by Alliance Berries Limited.
In the broker’s performance, Alliance Berries Limited auctioned 9,519 bags that fetched Sh 431.7 million, Kirinyaga Slopes 3,839 bags ( Sh 173.5 million), New KPCU 3,828 bags( Sh 173.8 million), CEBBA 2,590 bags ( Sh 12.6 million) among others.
NCE CEO Lisper Ndung’u said the coffee brokers delivered 3,972 bags of grade AA, 9,298 bags of grade AB, and 2,605 bags of grade C.
“ The management of the coffee auction encourages the farmers to continue producing the quality grades that will interest the buyers, thus getting better returns,” she said.
The report added that the average price was Sh 37,103 per bag.
Five major coffee buyers bought 21, 631 bags of coffee for export, led by Ibero Kenya with 9,984 bags, C.Dormans 3,775 bags, Sasini 2,959 bags, Kenyacof 2,773 bags, and Taylor Winch 2,140 bags.37103.31.
The coffee market nets Sh 1.27 billion in the weekly auction
