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.
“There was some very good quality coffee at the auction,” Mansukh Shah, a coffee trader at the Nairobi-based Alanwood Ltd., said by phone yesterday. “We are getting fresh supplies from the new crop in the central region.”
Sales dropped 5.6 percent to 15,767 bags worth $5.47 million compared with the previous sale, the agency said. Supplies at the fourth auction of the 2010-11 season rose 14 percent to 24,080 bags from two weeks earlier, the exchange said. Kenya’s coffee exports through the Nairobi Coffee Exchange, which handles the bulk of the shipments, retreated 7.2 percent in 2009-10 to 36,197 tons compared with a year earlier after production declined, the agency said on Oct.1.
The country is yet to release output forecast for this year, it said. Kenya harvests the bulk of its crop from October through December, while a secondary crop is reaped from April to June. The following are details of today’s auction in U.S. dollars for a 50-kilogram bag.
Grade Low High Average
AA 241 701 413.08
AB 143 496 380.80
C 124 400 291.19
E 293 335 314.71
HE 196 220 215.06
MH 57 161 144.24
ML 36 131 84.56
PB 200 438 364.24
SB 39 65 48.11
T 45 241 178.85
TT 147 432 313.41
UG 251 255 253.00
UG1 153 255 232.50
UG2 69 230 170.41
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