{{The top price of Kenya’s benchmark coffee grade AA dropped to $318 per 50-kg bag at auction from $433 per bag at last week’s sale, the Nairobi Coffee Exchange (NCE) said on Tuesday. }} <\/p>\n
Although Kenya is a relatively small producer, its high quality beans are valued by roasters for blending with those from other countries. <\/p>\n
A bag of grade AA COF-AA-KE sold for $318-$176, compared with $433-$219 at last week’s sale, while a bag of grade ABCOF-AB-KE fetched $252-$131 per bag, from $244-$123 at the previous auction, the exchange said. <\/p>\n
It was not immediately clear what pushed the price of grade AA coffee lower. Calls to the Kenya Coffee Producers and Traders Association, which sends out the NCE’s report, went unanswered.<\/p>\n
Some 21,453 bags of coffee were offered for sale and only 5,257 bags were bought. Last week, 21,487 bags were offered for sale, with 7,054 sold. <\/p>\n
The beans fetched $906,251 with an average price of $141.35 per bag, the exchange said. Last week, beans sold at the auction fetched a total of $1.36 million with an average price of $157.61 per bag. <\/p>\n
{reuters}<\/p>\n","protected":false},"excerpt":{"rendered":"
{{The top price of Kenya’s benchmark coffee grade AA dropped to $318 per 50-kg bag at auction from $433 per bag at last week’s sale, the Nairobi Coffee Exchange (NCE) said on Tuesday. }} Although Kenya is a relatively small producer, its high quality beans are valued by roasters for blending with those from other […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[99],"byline":[170],"hashtag":[],"class_list":["post-7532","post","type-post","status-publish","format-standard","hentry","category-business","tag-greatlakesnews","byline-igihe"],"bylines":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":8}],"contributors":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":8}],"featured_image":null,"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/7532","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=7532"}],"version-history":[{"count":0,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/7532\/revisions"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=7532"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=7532"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=7532"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=7532"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=7532"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}