A total of 33,435 bags of coffee traded at the Nairobi Coffee Exchange (NCE) has fetched Sh. 1.78 billion.
The coffee volume presented for this week’s auction was high compared to 18, 874 bags that were traded in last week’s auction.
The average price per bag of 50 kilos of coffee also saw a slight rise, reaching Sh. 43,512, up from Sh. 43,253 earned in last week’s sale.
Githembe coffee factory, which is affiliated to Thiririka Farmers’ cooperative society of Kiambu, earned the best price after selling 26 bags of grade AA at Sh. 53, 354 per bag in a sale that was brokered by Alliance Berries Ltd.
In the auction that was conducted at Wakulima House in Nairobi, other factories that achieved the best prices per bag for their grade AA coffee were Guama Sh. 52,577, Marumi Sh. 47,656, Irugu ini Sh. 50,246, Ithanga ini Sh49,728, Kiamutuira Sh.49,339, and Kaguyu Sh. 49,857, whose coffee was brokered by Alliance Berries Ltd and Kirinyaga Slopes Company.
Other best-performing factories were Ndaroini, Kevote, Kiruga, Ndiani, Mitondo, Riakiania, Nthimbiti, and Ntongoro.
The sale of premium grades of AA and AB accounted for 26, 7167 bags, representing 80 percent of the total volume traded.
Alliance Berries Ltd led other agents by selling the highest volume of coffee, totaling 15,973 bags, which fetched Sh. 878.76 million.
Kirinyaga Slopes Company traded 4,310 bags, earning Sh. 227.75 million; new KPCU sold 3,439 bags at Sh. 179.5 million, and KCCE Marketing Agency auctioned 2,423 bags, netting Sh. 131.3 million.
All Coffee were purchased by 20 buyers, with C. Dormans leading the pack by purchasing 7,531 bags at Sh. 415.5 million. Kenyacof Limited bought 6,449 bags at Sh. 364.8 million.
Ibero Kenya Limited bought 6,122, Taylor Winch 5,476 bags, Sasini Ltd 2,875 bags, and 1,293 bags.
In her remarks, the NCE Chief Executive Officer, Lisper Ndung’u, said this week’s auction fetched impressive prices across various coffee grades, reaffirming the global demand for the superior quality of Kenyan coffee.
Ndung’u said the presentation of 26,716 bags of premium grades in the auction was an indication of the growth of the coffee market.
The CEO said the total market value achieved reflects a robust trading environment and the commitment of farmers and stakeholders to uphold quality standards.
“The total market value achieved reflects a robust trading environment and the commitment of our farmers and stakeholders to uphold quality standards.
The impressive performance in the auction is a testament to the dedication within the supply chain and the favorable conditions enabling our coffee to fetch attractive coffee prices on the global level,” she added.
By Bernard Munyao
