Tanzania’s Benchmark Coffee Grade Climbs 4% on Reduced Supplies
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Tanzania’s benchmark coffee grade rose 4 percent at an auction yesterday after supplies declined and global prices increased, the East African nation’s Coffee Board said.
The Arabica AA grade sold for an average $180.22 for a 50-kilogram (110-pound) bag, from $173.35 a week earlier, the Tanzania Coffee Board said today by e-mail from Moshi, the northern town where the auction is held.