Coffee market generates Sh566 million

The Mountain Journal 

The Coffee weekly auction raised Sh566.3 million  after the sale of 13,937 bags of coffee.

Tuesday's market marked the last coffee auction for the coffee year 2023/2024 comes as we are looking ahead to usher in the new year on 2024/2025 on October 1.

The weekly sales reflected an increase  from the previous sale of Sh 382.4 million.

 At the Nairobi Coffee Exchange (NCE) Nyeri based Chorong’i factory affiliated to Mutheka Farmers' Cooperative Society, registered the highest prices  of Sh42,183 per 50 kgs bag, through Alliance Berries Limited. 

Chorong’i factory coffee was bought by C Dormans.

In the market  the coffee brokers delivered 13,937 bags  where  9,241 bgs consisted of  grades of AA and AB.

 The premier grades attracted the local and international buyers who paid for Sh 391.9 million

NCE Chief Executive Officer Ms Lisper Ndung’u said the 15 dealers  participating in the market expressed interest in the premier grades of AA and AB .

She said 12  coffee brokers led  by Alliance Berries limited delivered 3,976 bags, New KPCU 2,447 bags, Kirinyaga Slopes 1,408 bags,’ said Ms Ndung’u.

Cooperative Principal Secretary Patrick Kilemi  said the quality grades in coffee continue attracting the best prices in the auction market. 

“Small scale farmers are encouraged to apply  for the Coffee Cherry Advance Fund  to nurture their coffee trees and improve productivity and quality,” said Mr Kilemi.

 In the coffee brokers category, Alliance Berries Limited sold its deliveries for Sh162.5 million, New KPCU  Sh103.8 million, Kirinyaga Slopes Sh54.8 million.