By Henry Kinyua
Welcome to this week’s edition of the HK Coffee Market Summary: Sale 37
Sale 37 took place on Tuesday August 13th 2024 at the Nairobi Coffee Exchange trading floor as usual and online trading platforms was completed successfully.
Key Highlights
- Volumes Traded: 16,862 bags were bought at an average price of $243 per 50 kg bag.
- Average Price: Equivalent to Ksh 97 per kilo of cherry.
- Total Value: The total value of coffee traded was $5,044,295 or Ksh 656 million.
- Highest Price: The highest price paid for coffee in this trade was $376 per bag for 35 bags (2130 kgs) of grade AA from MAGANJO factory, part of RUMUKIA Farmers Cooperative in MUKURWE-INI Constituency, Nyeri County, purchased by Sasini and was confirmed.
- Confirmed: The number of bags confirmed by close of business were 1478 or 9% of the volumes that were traded.
- Price Above $300: A total of 349 bags, or 2% of the volume traded attracted a price of $300 and above.
- Grades AA and AB: 9487bags, or 56% of the volumes traded, were grades AA and AB.
- Brokers: Seven brokers, led by Alliance Berries, participated in the trade.
- Buyers: All coffee traded was bought by 19 buyers, led by Taylor Winch ( Coffee) Ltd.
