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Tanzania’s Top Coffee Grade Falls 5.8% on Increased Supply

Dec. 5 (Bloomberg) -- Tanzania’s benchmark coffee grade fell 5.8 percent at a sale on Dec. 1 as supplies increased and global prices declined, the Tanzania Coffee Board said.

The highest price paid for the arabica AA grade dropped to $321 per 50-kilogram (110 pounds) bag from $340.80 a week earlier, the board said in an e-mailed statement today. The average price for the grade fell 0.9 percent to $284.37 as supplies more than doubled to 8,385 bags, it said.

Total supplies at the auction rose 30 percent to 28,611 bags while sales climbed 21 percent to 22,290 bags, the agency said. Arabica accounts for 75 percent of Tanzania’s output with robusta making up the rest.

The following are details of the auction in dollars per 50-kilogram bag:

Grade               Offer     Sold    High    Low     Average
Arabica AA          8,385     5,758   321     236     284.37
Arabica A           4,357     3,924   295     230     284.47
Arabica AB          5,248     3,465   303     231     280.03
Arabica B           3,182     2,830   291.8   228     274.98
Arabica PB          2,496     1,844   290     220     268.27
Arabica C           2,470     2,081   264.8   214     240.14
Robusta Superior    843       843     116.6   116.2   116.41
Robusta FAQ         2,352     2,352   114.6   101.20  109.92

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

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