@TheStar

Premium grade coffee prices up

1 weeks ago, 23:29

By: Mercy Gakii

Kiambu, Bungoma and Nyeri small scale coffee farmers  earned the highest prices of the premium Grade AA coffee sold at this week’s auction. 

Nairobi Coffee Exchange (NCE) auction reports show that growers from Gititu, Chesiro and Rutuma cooperative societies in the three counties were the top earners for premium grades sold by their marketing agency Sasini Limited Company. 

Gititu farmers from Kiambu county sold 42 bags grade AA at Sh56,375 ($550 ) and 32 bags of Grade PB at Sh35,977.50 (US$351 ) per 50 kilo. Marua factory of Rutuma Farmers cooperative society from Nyeri county traded 32 bags of Grade AA and nine bags of Grade AB at Sh46, 227 ($451 ) and Sh35, 670 ($348 ) respectively. They also earned Sh36,490 ($356 ) of Grade AB.

Chesiro Farmers Cooperative Society from Bungoma County which had 33 bags of Grade AA fetched Sh43,767.50 ($427 ) while Grade AB realized Sh35, 875 ($350 ) per 50 kilo bag.  NCE chief executive, Daniel Mbithi said prices are likely to rise further in coming sales following delivery of quality beans from the Mt. Kenya and other regions.

“There is a lot of improvement in terms of quality of coffee being delivered this year despite the national prices remaining low,” he said.


Read More


Category: business news

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@TheStar

Premium grade coffee prices up

1 weeks ago, 23:29

By: Mercy Gakii

Kiambu, Bungoma and Nyeri small scale coffee farmers  earned the highest prices of the premium Grade AA coffee sold at this week’s auction. 

Nairobi Coffee Exchange (NCE) auction reports show that growers from Gititu, Chesiro and Rutuma cooperative societies in the three counties were the top earners for premium grades sold by their marketing agency Sasini Limited Company. 

Gititu farmers from Kiambu county sold 42 bags grade AA at Sh56,375 ($550 ) and 32 bags of Grade PB at Sh35,977.50 (US$351 ) per 50 kilo. Marua factory of Rutuma Farmers cooperative society from Nyeri county traded 32 bags of Grade AA and nine bags of Grade AB at Sh46, 227 ($451 ) and Sh35, 670 ($348 ) respectively. They also earned Sh36,490 ($356 ) of Grade AB.

Chesiro Farmers Cooperative Society from Bungoma County which had 33 bags of Grade AA fetched Sh43,767.50 ($427 ) while Grade AB realized Sh35, 875 ($350 ) per 50 kilo bag.  NCE chief executive, Daniel Mbithi said prices are likely to rise further in coming sales following delivery of quality beans from the Mt. Kenya and other regions.

“There is a lot of improvement in terms of quality of coffee being delivered this year despite the national prices remaining low,” he said.


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