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Tanzania’s Coffee Prices Fell at Oct. 3 Auction From Week Before

Oct. 8 (Bloomberg) -- Tanzania’s arabica coffee prices fell in the week ended Oct. 3, in line with lower futures.

Mild arabica coffee declined an average $5.90 for a 50-kilogram (110-pound) bag and robusta dropped $3.56 a bag, the Tanzania Coffee Board said today by e-mail from Moshi, in northern Tanzania. The benchmark arabica AA fell 4.6 percent to an average of $124.87 a bag, it said. New York arabica futures dropped 0.3 percent from Sept. 26 to Oct. 3.

Tanzania ships its crop mainly to the U.S., Japan and Germany, according to the board.

“Prices fell as they were following the trend at New York,” Bill Harris, managing director of Moshi-based Taylor Winch Tanzania Ltd., said by phone. “The quality is getting better.”

Supplies fell 12 percent to 28,244 bags from 31,923 bags the previous week, while sales rose 24 percent to 28,022 from 22,518 bags, the board said. The board offers its bags in 60-kilogram packages while giving costs per 50 kilogram bags.

The following are details of the Oct. 3 auction in U.S. dollars for a 50-kilogram bag for the good grades:

Mild Coffee:
Grade             Offer   Sold      High      Low       Average
Arabica AA        7,567   7,548     163.80    122       124.87
Arabica A         6,258   6,258     138       120       125.46
Arabica AB        2,462   2,462     130       120       124.76
Arabica B         5,094   5,094     129       118       119.85
Arabica PB        2,182   2,182     148       118       124.83
Arabica C         2,019   1,816     119        90       101.70

Robusta:
Robusta Organic     359     359      92        87        88.93
Robusta Superior  1,799   1,799      90.20     81        84.76
Robusta FAQ         504     504      81.60     80        80.46

To contact the reporter on this story: Fred Ojambo in Kampala at fojambo@bloomberg.net

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net

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