Coffee berries. Photo/courtesy.
The coffee auction mints cash after Christmas break. In the weekly market after the sale of 18,138 bags that were bought by 12 dealers, the coffee market fetched Sh957.3 million.
In the auction report, Kianjiru and Karumandi factories in Kirinyaga allied to Baragwi Farmers society achieved the highest price of Sh52,836 per bag and Sh52,706 per bag respectively after the produce was brokered by Alliance Berries Limited. It delivered a large consignment of 9,177 bags that earned Sh496.9 million followed by Kirinyaga Slopes 2,668 bags for Sh138.1 million.
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The trading at the Nairobi Coffee Exchange (NCE) was low compared to the previous auction two weeks ago that achieved Sh1.1 billion from the sale of 21,636 bags.
The NCE CEO Lisper Ndung’u said in the auction market eight coffee brokers delivered the quality grades of AA 8,096 bags and AB 6,499 bags.
Thikagiki farmers cooperative society in Kandara achieved Sh49,598 for each of its 17 bags of grade AA.
