Tanzania Coffee Prices Rise 8.7% on Buyer Stockpiling
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Tanzania’s benchmark coffee climbed 8.7 percent at a Dec. 10 auction as buyers replenished their stocks before Christmas, the Tanzania Coffee Board said.
The top arabica AA grade sold for an average of $245.81 for a 50-kilogram (110-pound) bag, compared with $226.16 a week earlier, the board said today in an e-mailed statement today. Supplies rose 3.7 percent to 5,941 bags, it said. The next sale will be Jan. 6 after holidays, it said.