The Mountain Journal
The farmers in the cooperatives and estates netted Sh 1.168 billion after 21,223 bags of coffee at the Nairobi Coffee Exchange (NCE), in the weekly auction.
The increased earnings registered improved prices since the resumption to the trading following the two months recess with more returns compared to Sh 994 million of the last week’s at the NCE.
Karii factory achieved the highest price for the grade AA after it clocked Sh 55,289.46 per bag better than the last week’s of Sh 52, 964.21 per bag.
Reports from the auction indicate that in the weekly market the coffee brokers offered grade AA of 1,819 bags, AB 9,325 bags and 6,457 bags of coffee that attracted local and international; buyers.
In the brokers category, New KPCU sold 6,406 bags, Kirinyaga Slopes 4,371 bags, Alliance Berries 3,883 bags among other licences brokers.
In the buyers category, the report stated that,” Ibero Kenya bought 6,564 bags, Kenyacof 5,284 bags, C Dormans 2,335 bags, Mumbi Coffee 1,615 bags, Louis Dreyfus 1,342 bags among others.”
NCE CEO Lisper Ndung’u stated that in the weekly market 10 coffee brokers and 18 dealers participated, an indication it was participatory.
“ This week’s market was impressive, hoping the farmers will continue trading before the coffee year 2025/2026 comes to an end on September 30,” said Ms Ndung’u.
In the last market, 15 coffee brokers participated.
The report states that since October 1, to date 637,444 bags of coffee have been traded earning the farmers in excess of Sh 38.3 billion, where the Alliance Berries, New KPCU and Kirinyaga Slope controlled 62 percent of the market.
Coffee value chain expert Henry Kinyua said in the market Ibero bought 32 percent of the auction’s value, followed by Kenyacof at 25 percent.
“ It is worth noting that in the week, coffee certified by the Rainforest Alliance, CAFÉ, EUDR were traded in the market with attraction to many of the buyers,” said Kinyua.
