Kenyan Coffee Price Jumps 9.5% at Auction on Quality
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Kenya’s benchmark coffee price gained 9.5 percent at an auction yesterday after the quality of the beans improved, the Nairobi Coffee Exchange said.
The top arabica AA grade sold for an average of $413.08 for a 50-kilogram (110-pound) bag, compared with $377.07 a fortnight earlier, the exchange said late yesterday in an e-mail from the capital, Nairobi. Supplies of the grade rose 20 percent to 4,246 bags, it said. The average price for all coffee sold was little changed at $295.16 per bag from $295 at the previous auction after supplies increased, the agency said.