Nairobi Coffee Exchange weekly auction rakes in $11.6m in first week of business after Christmas
According to NCE records on the auction, the strength of prices signalled sustained international demand for Kenyan coffee. In the auction conducted at Wakulima House in Nairobi, Gititu Farmers’ Cooperative Society (FCS) of Kiambu earned the best price after selling a lot of 10 bags of grade AA at Ksh62,823 per bag.
Kenya: Trade at Nairobi Coffee Exchange fetches $6.85m as volumes moved rise nearly 100 per cent
The coffee purchased by five companies accounted for approximately 89 per cent of the total market value. In the auction, over 70 per cent of the traded coffee comprised premium AA and AB with grade AA accounting for 36.36 per cent and grade AB 35.31 per cent.
