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Tanzania’s Benchmark Coffee Price Declines 11%, Board Says

Jan. 30 (Bloomberg) -- Tanzania’s benchmark coffee grade fell 11 percent at a sale on Jan. 26, according to the Tanzania Coffee Board.

The benchmark arabica AA dropped to an average of $251.42 per 50-kilogram (110-pound) bag, from $283.74 a week earlier, the board said in an e-mailed statement today. Supplies of the grade fell 47 percent, it said.

The following are details of the Jan. 26 auction in dollars for a 50-kilogram bag:

Grade            Offer   Sold      High      Low       Average
Arabica AA       3,048   1,787     270       182       251.42
Arabica A        1,402     647     261       191.20    245.46
Arabica AB       4,288   2,668     269       180       220.21
Arabica B          966     683     259.20    185.20    243.69
Arabica PB       1,285     864     253       172       205.83
Arabica C          919     885     223.20    164.60    170.55

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 pmrichardsonbloomberg.net

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