Coffee farmers sort out berries. [File, Standard]
The Coffee market fetched Sh994 million at the auction after the sale of 18,089 bags weighing a total of 1,115,430 kg.
The volume of coffee auctioned at the Nairobi Coffee Exchange in sale 34 of the coffee season increased compared to 15,749 bags traded last week, weighing 972,266 kilograms and worth Sh884 million.
The average price per bag of 50 kilograms rose slightly to Sh44,462, down from Sh 44,443 realised in last week’s sale.
The average trading floor price equates to Sh137 per kilogramme of cherry.
The auction achieved an overall average price of USD 344.40 per 50kg bag, while premium AA coffee fetched up to USD 410.00, reflecting continued international demand for quality Kenyan coffee.
New KPCU traded 4,907 bags (300,835 kg) worth USD 2.07 million at an average of USD 344 per 50 kg. Alliance Berries followed closely with 4,000 bags (247,966 kg) but at a superior USD 364 average, reflecting a catalogue rich in certified Nyeri, Kirinyaga and Murang’a lots.