Nairobi Coffee Auction generates Ksh411 Million in recent weekly market

Coffee berries/File Photo

The Nairobi Coffee Exchange (NCE) has generated Ksh 411.8 million after the auction of 7,135 bags of coffee during the weekly market. The market fetched less compared to Ksh 565.4 million of last week after the sale of 8,674 bags of coffee.

In the auction, 10 coffee brokers participated, offering 1,069 bags of grade AA and 1,989 bags of grade AB.

In the auction, factories allied to the Alliance Berries Limited and New KPCU achieved the highest price while Nyeri-based Kiamariga achieved the highest price of Ksh61,436, for the grade AA marketed by Alliance Berries Limited, followed by Kabunyeria who netted Sh60,853 and Lucas Estate that earned Sh60,336.

Others are Menu Estate (Ksh59,173) and Kapchepoi Factory (Ksh59,819).

By Our reporter

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