By Henry Kinyua
Welcome to this week’s edition of the HK Coffee Market Summary: Sale 42
Sale 42 took place on Tuesday September 17th 2024 at the Nairobi Coffee Exchange trading floor as usual and online trading platforms and was completed successfully.
Key Highlights
• Volumes Traded: 9,736 bags were bought at an average price of $245 per 50 kg bag.
• Average Price: Equivalent to Kshs 98 per kilo of cherry.
• Total Value: The total value of coffee traded was $2,964,278 or Kshs 379 million.
• Highest Price: The highest price paid for coffee in this trade was $337 per bag for 10 bags (609 kgs) of grade AA from JOBE FARM – Code BF0148. The coffee was purchased by Kenya Nut Company Ltd but was not confirmed.
• Confirmed: The number of bags confirmed by close of business were 1817 or 19% of the volumes that was traded.
• Price Above $300: A total of 216 bags, or 2% of the volume traded, attracted a price of $300 and above.
• Grades AA and AB: 6543 bags, or 67% of the volume traded, were grades AA and AB.
• Brokers: Eight Brokers brokers which are New KPCU, Alliance Berries, Kirinyaga Slopes, Meru Union, Mt. Elgon, KCCEMA, Kiambu Coffee, and Kinya Coffee participated in the trade.
• Buyers: All coffee traded was bought by 16 buyers, led by Ibero. JOSRA Coffee Group bought the lowest amount of coffee buying 10 bags (635 Kgs) of grade PB at $268 from KASINGA FCS
By the end of the week, we will get into details on which factories traded once the Final Transaction Listing is provided by the Nairobi Coffee Exchange
