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Tanzanian Arabica Coffee Drops a Third Week on Higher Supply

Sept. 9 (Bloomberg) -- Tanzania’s mild arabica coffee prices fell for a third week after supplies of the beans rose at an auction on Sept. 5 and demand was little changed.

Overall prices for mild arabica coffee dropped by $3.04 for a 50-kilogram (110-pound) bag, while the robusta variety climbed by $3.09 a bag, the Tanzania Coffee Board said today by e-mail from Moshi, where auctions are held. The benchmark arabica AA grade dropped 2.6 percent to an average $127.32 a bag.

Supplies at the auction climbed 25 percent to 31,952 bags, mostly arabica. Sales rose by 53 bags to 23,878 bags, the agency said. The board offers its bags in 60-kilogram packages while giving costs per 50 kilograms.

Following are details of the Sept. 5 auction in dollars for a 50-kilogram bag for good grades:

Mild Coffee:
Grade             Offer   Sold      High      Low       Average
Arabica AA        6,428   6,287     137.20    125       127.32
Arabica A         5,045   5,045     136.40    120       126.24
Arabica AB        2,272   1,940     130.60    126       127.47
Arabica B         4,967   4,967     135       120.20    124.68
Arabica PB        1,981   1,981     135       122       125.75
Arabica C         1,185   1,139     115       100       106.32

Unwashed Arabica
Arabica Organic     359      120     95        95         95
Arabica FAQ         120      --      --        --         --

Robusta:
Robusta Organic    7,346    240      95        95         95
Robusta over 18      360    360      92        92         92
Robusta Superior     720    720      90        90        90
Robusta FAQ        1,079   1,079    102.40     94.80     97.33

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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