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Tanzania’s Benchmark Coffee Grade Climbs 4% on Reduced Supplies

Aug. 31 (Bloomberg) -- Tanzania’s benchmark coffee grade rose 4 percent at an auction yesterday after supplies declined and global prices increased, the East African nation’s Coffee Board said.

The Arabica AA grade sold for an average $180.22 for a 50-kilogram (110-pound) bag, from $173.35 a week earlier, the Tanzania Coffee Board said today by e-mail from Moshi, the northern town where the auction is held.

Supplies of the grade fell 15 percent to 5,691 bags and the beans sold for as much as $189.60 a bag compared with $210 at the previous sale, it said.

Prices for all mild grades rose by $6.70 a bag, while those for robust ones climbed by an average of $3.27 a bag after supplies declined, the board said. Arabica accounts for 75 percent of the country’s output, and robusta the rest.

Supplies for all the coffee at the auction fell 19 percent to 24,870 bags, while sales declined 12 percent to 23,598 bags, the Coffee Board said. The board offers its bags in 60-kilogram packages but prices per 50 kilograms.

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

Mild Coffee:
Grade             Offer   Sold      High      Low       Average
Arabica AA        5,691   4,983     189.60    170       10.22
Arabica A         4,447   4,447     187.40    162       175.58
Arabica AB          763     763     176.80    167       174.12
Arabica B         3,697   3,627     186.00    160       169.75
Arabica PB        1,357   1,033     185.20    162       170.23
Arabica C           970     952     163       138       148.39

Hard Coffee:
Robusta Over Scn 18 720     720     110.10    108.00    109.20
Robusta Superior  3,958   3,958     103.20    101.20    102.51
Robusta FAQ       4,318   4,318     100.00     99.20     99.52
Unwashed Arabica
Arabica FAQ         390     --        --       --        ---

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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