The Nairobi Coffee Exchange auction yielded Sh. 1.78 billion from 33,435 bags sold, significantly up from the previous week’s trade of 18,874 bags. Average prices per bag rose to Sh. 43,512. Notably, Githembe factory achieved the highest price for grade AA coffee. The overall performance indicates a robust market for Kenyan coffee and strong global demand.
During a recent auction at the Nairobi Coffee Exchange (NCE), a total of 33,435 bags of coffee was traded, resulting in a revenue of Sh. 1.78 billion. This figure marks a significant increase in trading volume compared to the previous week, where only 18,874 bags were sold. The average price per bag of 50 kilos rose slightly to Sh. 43,512 from Sh. 43,253 in the prior auction.
The Githembe coffee factory, associated with the Thiririka Farmers’ cooperative society based in Kiambu, achieved the highest price by selling 26 bags of grade AA coffee at Sh. 53,354 per bag. The auction, which took place at Wakulima House in Nairobi, also featured other top-performing factories such as Guama at Sh. 52,577, Marumi at Sh. 47,656, and Irugu ini at Sh. 50,246 for their grade AA coffee, all brokered by Alliance Berries Ltd and Kirinyaga Slopes Company.
The sale included 26,716 bags of premium grades AA and AB, encompassing about 80 percent of the total traded volume. Among the agents, Alliance Berries Ltd led with the highest sales, moving 15,973 bags and earning Sh. 878.76 million. Other notable sales were made by Kirinyaga Slopes Company, which traded 4,310 bags for Sh. 227.75 million, while New KPCU and KCCE Marketing Agency sold 3,439 bags and 2,423 bags, respectively, generating Sh. 179.5 million and Sh. 131.3 million.
A total of 20 buyers participated in the auction, with C. Dormans acquiring the largest quantity of coffee, purchasing 7,531 bags for Sh. 415.5 million, followed by Kenyacof Limited with 6,449 bags at Sh. 364.8 million. Additional buyers included Ibero Kenya Limited and Taylor Winch, who bought 6,122 and 5,476 bags, respectively.
Lisper Ndung’u, the Chief Executive Officer of NCE, commented on the strong auction results by highlighting the growing global demand for high-quality Kenyan coffee. She emphasized that the presentation of premium grades indicates a vibrant coffee market, and the overall market value achieved exemplifies the dedication of farmers and stakeholders in maintaining quality standards.
This week’s auction at the Nairobi Coffee Exchange demonstrated a robust trading environment, with a notable increase in the volume of coffee traded and an upward trend in average prices. The impressive sales figures affirm the global demand for high-quality Kenyan coffee and showcase the commitment of farmers and stakeholders to excellence. The results underscore a positive outlook for the Kenyan coffee market, reflecting its growth potential.
Original Source: www.kenyanews.go.ke
