Coffee traded at the Nairobi Coffee Exchange (NCE) auction netted Sh869 million after sales of 17, 293 bags of cherry.
The realized amount was an increase compared to Sh637.1 million which was earned after the sale of 12, 144 bags of coffee during last week’s auction.
At an average, a bag of 50 kilograms of cherry was sold at Sh40, 922 which equals to Sh125 per kilo at the trading floor.
During the auction that attracted 15 local and international buyers, Gicherori Factory from Embu County earned the best price after realizing Sh54, 519.50 per bag of grade AA.
The factory which is part of Kibugu Farmers’ Cooperative Society sold a total of 702 bags of grade AA coffee.
Premium coffee of grades AA and AB accounted for 12, 578 bags representing 73 percent of the total volume traded in the auction.
Ten Brokers participated in the auction led by Alliance Berries which traded 6, 767 bags at Sh358.9 million.
Kirinyaga Slopes Coffee Brokerage Company sold 2,032 bags of coffee realizing Sh103.7 million, New KPCU sold 1,991 bags at Sh100.9 million and Minnesota Coffee Marketers Ltd traded 1,742 bags at Sh87.9 million.
In the category of buyers, Sasini Kenya Ltd bought the highest volume of coffee after purchasing 5, 460 bags at Sh295.3 million, followed by Taylor Winch Ltd which purchased 3, 038 bags at Sh163.5 million. Ibero Kenya Ltd acquired 3,488 bags at Sh158 million.
NCE chief executive officer (CEO) Lisper Ndung’u said there was an increase of premium grade coffee in the auction.
During last week’s trade, only 7, 300 bags of grade AA and grade AB were traded as compared to this week’s 12, 578 bags.
Ms Ndung’u lauded farmers for heeding calls for producing high quality coffee saying the premium grades fetched best prices.
She called on farmers’ cooperative societies to support and educate farmers on best practices of producing high quality coffee which attracts international buyers.
“The leadership of NCE appreciates the farmers for the continued production of the quality coffee at the auction,” said Ms Ndung’u.
By Bernard Munyao
On Offer
Product List
-
ALONZE 50 EC Price range: KSh 1,130.00 through KSh 10,040.00 -
B Cock 2.5LB jogoo jembe Original price was: KSh 3,000.00.KSh 2,200.00Current price is: KSh 2,200.00. -
Breadfruit Seedlings Original price was: KSh 3,000.00.KSh 2,500.00Current price is: KSh 2,500.00. -
Canistel / Egg Fruit Seedlings Original price was: KSh 5,000.00.KSh 3,000.00Current price is: KSh 3,000.00. -
Certified Grafted Hass Avocado Seedlings Original price was: KSh 350.00.KSh 250.00Current price is: KSh 250.00. -
Pears Seedlings Original price was: KSh 600.00.KSh 500.00Current price is: KSh 500.00. -
OCCASION STAR 200SC Price range: KSh 930.00 through KSh 14,510.00 -
Mchwatox 350SC Original price was: KSh 650.00.KSh 550.00Current price is: KSh 550.00. -
Fig Fruit Seedlings Original price was: KSh 1,000.00.KSh 500.00Current price is: KSh 500.00. -
Cherry Guava Seedlings Original price was: KSh 800.00.KSh 600.00Current price is: KSh 600.00.