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Kenya’s Coffee Auction Results for Week Ending Sept. 11

Sept. 12 (Bloomberg) -- Kenya’s benchmark AA coffee fell 2 percent at auction after supplies of the grade increased, the Nairobi Coffee Exchange said yesterday.

Sales at the auction climbed 58 percent to 12,898 bags worth $2.7 million, while last week’s sales yielded $1.6 million, the exchange said. Supplies were little changed at 20,729 bags from 20,714 bags last week, it said.

Following are details of yesterday’s auction in U.S. dollars per 50-kilogram (110-pound) bag:

Grade          Low            High          Average
AA             174            302           275.07
AB             147            226           191.07
C               98            186           160.56
E              268            273           269.99
HE              92             92            92.00
MH             104            138           124.05
ML              73             80            76.68
PB             145            200           186.09
SB              64             76            66.96
T               98            157           125.70
TT             142            189           165.56
UG             167            167           167.00
UG1            125            179           157.51
UG2             76            159           141.94
UG3             80             86            83.00

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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