Nairobi Coffee Exchange trades the highest number of bags

The Mountain Journal

The Nairobi Coffee Exchange this week raised Sh708 million from the sale of 20,199 bags of  coffee sourced  from 877 cooperatives and estates.

 In the same period last year, the auction had 8985 bags of the commodity.

Sale No 9, attracted 18 international buyers,  where Alliance Berries Limited delivered 5,508 bags that traded at Sh191 million.

NKPCU delivered 5,234 bags that were sold at Sh184 million.

Kirinyaga Slopes entered the market for the first time on Wednesday presenting 2,442 bags that garnered Sh87.5 million.

In the category of AA, 3,048 bags raised $851,161.68, AB 7,447 bags for $1,706,639.70 and C 6,474 bags that raised $1,429,413.70.

The privately owned Alliance Berries Limited brought the coffee from 210 cooperatives and estates, while NKPCU from 194 entities.

In the market analysis  Ibero  Kenya Limited  bought the highest consignment of 5,440 bags,  C Dorman  4,703 bags,  Kenyacoff  4,247 bags, Taylor Winch 2,118 bags, Sasini 909 bags,

Kenya Coffee Producer Association Chairman Peter Gikonyo appreciated the increased deliveries in the market from the farming community.

Gikonyo who is also the chairman of the NCE said the activities at the auction platform were stable five months after they resumed through the implementation of the Coffee General  Regulation 2019.

“We hope for better returns to farmers and hope the market will continue performing for the interest of the growers,” said Gikonyo.

Coffee and Tea Parliamentary Group member Joseph Munyoro said the  performance has been encouraging, calling on the farmers to take their commodity  to the market.

Munyoro, also  the Kigumo MP, said he was appreciative that hundreds of the cooperative societies sell their coffee at the NCE.

“From January we hope there will be more activities thus need  more international buyers eying  for our coffee," said the lawmaker.

Other brokerage firms that participated in the market  are Kipkelion which earned $405,843 for 1,783 bags, Kinya $259,999 for 1,212  bags, and KCCE $339,591 for 1,491 bags.

Others were Meru County which delivered 444 bags of coffee taking home $92,805, Mt. Elgon 1,281 bags for $304,261 and United Eastern 516 bags for $141,404.

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