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Tanzania’s Benchmark Coffee Grade Fell 2% at Nov. 24 Auction

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Nov. 30 (Bloomberg) -- Tanzania’s benchmark coffee grade fell 2 percent at an auction on Nov. 24, tracking a decline in global markets, the Tanzania Coffee Board said.

The average price for the benchmark AA grade dropped to $286.85 for 50 kilograms (110 pounds) from $292.79 a week earlier, the board said today by e-mail from Moshi, in northern Tanzania. The grade sold for as much as $340.80 for 50 kilograms, up from $321 a week earlier, according to the board. Supplies of the grade fell 28 percent to 4,152 bags, it said.

Total supplies at the 13th auction of the 2011-12 season rose 19.5 percent to 21,972 bags from 18,391 bags a week earlier, the board said. Sales at the auction climbed 9.9 percent to 18,469 bags from 16,806 bags, the agency said. Tanzania prices its coffee per 50 kilograms while offers and sales are in 60-kilogram bags.

The country harvests the crop from April to August. Arabica accounts for 75 percent of the country’s output.

The following are details of the Nov. 24 auction in U.S. dollars for a 50-kilogram bag for the good grades:

Grade            Offer   Sold      High      Low       Average
Arabica AA       4,152   2,912     340.80    267       286.85
Arabica A        1,980   1,954     293       266       279.33
Arabica AB       4,962   3,252     300       260       286.40
Arabica B        1,816   1,660     296       262       278.10
Arabica PB       1,626   1,235     308.20    244       271.25
Arabica C        1,433   1,269     254       217       242.46

ROBUSTA
Robusta Organic    295     295     100       100       100
Robusta Over SCN 18 360    360     110       110       110
Robusta Superior   2,159  2,159    108       101       106.10
Robusta FAQ        2,159  2,159    101.2      98.03     98.03
Unwashed Arabica
Arabica Organic      285    285    205.40    205.40    205.40
Arabica FAQ          246    246    199.80    199.80    199.80

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

To contact the editor responsible for this story: Paul Richardson at pmrichardson@bloomberg.net