By Henry Kinyua
Welcome to this week’s edition of the HK Coffee Market Summary: Sale 32.
Key Highlights
Volume and Pricing
A total of 25,748 bags of coffee were traded, with an average price of $216 per 50 kg bag. This translates to Ksh 86 per kilo of cherry. The total value of the coffee traded was $6,812,428, equivalent to Ksh 886 million
Top Prices
The highest price fetched was $357 per bag, achieved by Karuya Factory, a part of the Rwaikamba FCS in Murang’a County. C. Dormans purchased this lot.
Premium Grades
Out of the total volume, 798 bags (3%) were sold at $300 and above. Additionally 11,963 bags, making up 47% of the traded volume, were of grades AA and AB.
Participants
The trade saw the participation of five brokers, led by Alliance Berries.
All the coffee traded was bought by 19 buyers, with Ibero Kenya leading the purchases.
Upcoming Sales
Three more sales are scheduled before the auction goes on a short recess starting on July 3, 2024. Most of the coffee from the main season has been sold, and cooperatives have begun paying their members.
Important Note: The report of a single sale does not reflect the total sales and returns from any factory or cooperative. Coffee is processed and traded at different times, and multiple sales are needed to determine the final price paid to farmers
