Kenya top coffee price edges up at latest sale |
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February 1, 2012
NAIROBI (Reuters) - The top price for Kenyan benchmark grade AA coffee crept up to $529 per 50-kg bag at this week's sale from $526 per 50-kg bag in the previous auction, while the volume sold fell, the Nairobi Coffee Exchange (NCE) said on Wednesday.
Kenya is a small producer compared with other regional growers, but its specialty beans are famous for their high quality and are sought after for blending with those from other countries.
Grade AA sold at $529-$227 per bag at Tuesday's auction compared with last week's $526-$250 per bag.
Grade AB sold at $388-$191 per bag compared with $401-$248 per bag previously.
The state-run Coffee Board of Kenya said in November it saw coffee output rising 6 percent in the 2011/12 (Oct-Sept) crop year to 54,000 tonnes.
The NCE said 26,902 bags were offered with just 6,564 bags sold for a total of $2.23 million. At the last sale, 23,369 bags were offered with 10,304 sold for a total $4.08 million.
From: af.reuters.com
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