Wednesday, 18 July 2012 14:45
NAIROBI: The top price of Kenya's benchmark coffee grade AA rose at this week's sale to $331 per 50 kg bag from $325 at the previous auction, the Nairobi Coffee Exchange (NCE) said on Wednesday.
Although Kenya is a small coffee producer compared to producers such as Brazil and Vietnam, its speciality beans are much sought after for blending with those from other countries.
The NCE said in its weekly report that grade AA fetched $331-$188 per bag, compared with $325 to $273 last week.
Grade AB sold at $271-$185 per bag, compared with the previous sale's range of $230 to $178.
The exchange said 32,581 bags of coffee were offered for sale, with 19,500 sold for a total of $3.9 million, with an average of $166.37 per bag.
In its last auction on July 3, some 19,389 bags were offered for sale and 9,603 sold for a total of $2 million at an average ...