{{The top price of the benchmark Kenyan coffee grade fell to $312 per 50 kg bag at this week’s auction from $328 last week, the Nairobi Coffee Exchange said.}}
Kenya is a relatively small producer of coffee but its beans are much sought after by roasters to blend with those of lower quality from other producing countries.
The benchmark grade AA sold at $152-$312 per bag, compared with $121-$328 last week, NCE said after the auction on Tuesday.
Grade AB coffee fetched $102-$258 per bag compared with last week’s $107-$263.
The average price for all the 13,312 bags of coffee offered was $250.13 per bag, compared with $181.87 per bag for the 23,164 bags offered last week.
reuters
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