The Nairobi Coffee Exchange auction yielded Sh. 1.78 billion from 33,435 bags, outperforming last week’s trading volume. The average price increased slightly, with Githembe coffee factory achieving the highest price for grade AA coffee. Notable sales from leading agents and strong global demand for Kenyan coffee were highlighted by NCE’s CEO.
In a recent auction at the Nairobi Coffee Exchange (NCE), a total of 33,435 bags of coffee garnered Sh. 1.78 billion, showing a notable increase from the previous week’s trading of 18,874 bags. The average price per 50-kilo bag rose slightly to Sh. 43,512, compared to Sh. 43,253 from the prior week’s auction.
The Githembe coffee factory, affiliated with the Thiririka Farmers’ cooperative society of Kiambu, achieved the highest price by selling 26 bags of grade AA coffee for Sh. 53,354 per bag, facilitated by Alliance Berries Ltd. Other top-performers in the grade AA category included Guama at Sh. 52,577, Marumi at Sh. 47,656, and Irugu ini at Sh. 50,246, among others.
Sales of premium grades AA and AB comprised 26,716 bags, indicating that these higher quality coffees represented 80 percent of the total traded volume. Alliance Berries Ltd led in coffee sales, selling 15,973 bags for Sh. 878.76 million, while Kirinyaga Slopes Company and new KPCU followed with significant earnings from their sales as well.
The auction saw participation from 20 buyers, with C. Dormans leading by purchasing 7,531 bags at Sh. 415.5 million and Kenyacof Limited acquiring 6,449 bags. NCE Chief Executive Officer Lisper Ndung’u remarked on the impressive auction outcomes, highlighting the strong global demand for high-quality Kenyan coffee and the commitment of local farmers and stakeholders to maintain quality standards.
The Nairobi Coffee Exchange’s recent auction demonstrated significant growth in both the volume and value of coffee traded, reflecting a robust market and the high demand for premium grades. The success of various factories and the impressive earnings from leading agents underscore the resilience and commitment of Kenyan coffee producers to uphold quality. Overall, this week’s auction results affirm the importance of the local coffee industry and its potential in the global marketplace.
Original Source: www.kenyanews.go.ke
