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Tanzania’s Benchmark Coffee Grade Price Falls 1.6% at Auction

Sept. 21 (Bloomberg) -- The price of Tanzania’s benchmark coffee fell 1.6 percent at an auction yesterday after supplies rose, the Tanzania Coffee Board said.

The average price for the benchmark arabica AA dropped to $188.40 for a 50-kilogram (110-pound) bag, from $191.42 a week earlier, the board said today by e-mail from Moshi, in northern Tanzania. Supplies of the grade rose 52 percent to 8,413 bags.

Average price for all mild Arabica sold slipped $2.77 for each 50-kilogram bag, while that for robusta declined by $4.31, the agency said.

Supplies for all the coffee at the auction climbed 25 percent to 27,414 bags from a week earlier, while sales rose 11 percent to 23,577 bags as buyers replenished their stocks, the agency said. The board offers its bags in 60-kilogram packages and costs them in 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        8,413   7,211     221       178.20    188.40
Arabica A         5,034   4,737     196       179.20    184.43
Arabica AB        3,045   2,073     210       173       189.59
Arabica B         3,408   1,744     192       178       181.71
Arabica PB        2,150   2,110     202.80    170       184.34
Arabica C         2,216   1,848     173.40    149       167.02

Hard Coffee:
Robusta Organic   4,317   4,317     135.30    110       112.58
Robusta Superior    285     285     102.40    100.20    100.39
Robusta FAQ         500     500      98.20     98.20     98.20

Unwashed Arabica:
Arabica Organic     120     120     143       143       143.00
Arabica FAQ         390     390     131       130       130.92

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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