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Top price for Kenyan coffee drops at auction

Published March 5, 2014 Updated March 5, 2014 06:46am
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By Shoaib Ur Rehman
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imageNAIROBI: The top price of Kenya's benchmark coffee grade fell to $441 per 50 kg bag at this week's auction from $626 per bag last week, the Nairobi Coffee Exchange (NCE) said on Wednesday.

Kenya's speciality coffee beans are known for their high quality and are sought after by roasters for blending with coffee of lesser quality.

Grade AA fetched $205-$441 per bag compared with $202-626 at the previous sale, while grade AB sold at $163-352 versus $165-$382 last week.

A total of 28,891 bags were offered, with 13,607 sold. Last week, 25,745 bags were offered and 11,480 sold.

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