Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Kenya’s Top Coffee Prices Fall After Buyers Built Up Stockpiles

Jan. 22 (Bloomberg) -- Kenya’s coffee prices fell for the first time in two weeks after buyers built up stockpiles.

The price of the benchmark AA grade beans at auction today dropped to an average $318.91 a bag from $321.81 a bag on Jan. 15, according to data e-mailed today from the Nairobi Coffee Exchange. Supplies climbed almost 17 percent. A bag weighs 50 kilograms (110 pounds).

“Demand is low because of good stocks held by buyers,” Kizito Keya, a coffee dealer at Mumba Coffee Ltd., said by phone from Nairobi.

Sales at the auction rose almost 20 percent to 5,636 bags valued at $1.4 million from 4,714 bags last week, the exchange said. The following are details of today’s auction in U.S. dollars per 50-kilogram bag:

Grade          Low            High          Average
AA             294            336           318.91
AB             161            237           194.63
C              149            176           166.72
HE              89             89            89.00
MH             120            137           131.16
ML              91             99            93.03
PB             156            219           201.00
SB              68             91            72.38
T               89            155           145.04
TT             140            194           161.87
UG             116            154           135.64
UG1            154            156           154.77
UG2            113            145           127.64

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

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.