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Tanzania's Benchmark Coffee Grade Price Climbs by 5.6% at Weekly Auction

By Fred Ojambo -

Tanzania’s benchmark coffee grade rose 5.6 percent at an auction yesterday after supplies fell amid improved global prices, the Tanzania Coffee Board said.

Arabica AA sold for an average of $233.11 for a 50-kilogram (110-pound) bag, compared with $220.72 a week earlier, the agency said today in an e-mail from Moshi in northern Tanzania. Supplies of the grade fell 2.5 percent to 4,674 bags, it said.

To contact the reporter on this story: Fred Ojambo in Kampala at fojambo@bloomberg.net

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