The top price for Kenyan benchmark grade AA coffee jumped to $526 per 50-kg bag at this week's auction from $442 per bag at the auction last week on January 17, while the volume sold also rose, the Nairobi Coffee Exchange said on Wednesday. Kenya is a small producer compared with other growers, but its specialty beans are famous for their high quality and are much sought after for blending with those from other countries.
Grade AA sold at $526-$250 per bag at the Tuesday auction, compared with $442-$381 at the previous sale, while its average price rose to $424.08 from $405.91 per bag previously. Grade AB sold at $401-$248 per bag, compared with $462-$313 previously. The state-run Coffee Board of Kenya said in November it saw coffee output rising 6 percent in the 2011/12 (October-September) crop year to 54,000 tonnes. The NCE said 23,369 bags were offered, with 10,304 sold for a total of $4.08 million. At the last sale 23,962 bags were offered, with 7,883 sold for a total of $3.18 million.
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