By Henry Kinyua
Welcome to this week’s edition of the HK Coffee Market Summary: Sale 43 – The Season Finale for 2023/2024 Season
Sale 43 took place on Tuesday, September 24th 2024, at the Nairobi Coffee Exchange trading floor as usual, and online trading platforms and was completed successfully.
Key Highlights
- Volumes Traded: 13,937 bags were bought at an average price of $254 per 50 kg bag.
- Average Price: Equivalent to Kshs 100 per kilo of cherry.
- Total Value: The total value of coffee traded was $4,390,497 or Kshs 562 million.
- Highest Price: The highest price paid for coffee in this trade was $327 per bag for 7 bags (474 kgs) of grade AA from CHORONGI – Code XAC0056F01, part of Mutheka Farmers Co-operative Society in Nyeri County. The coffee was purchased by C. Dormans Ltd but was not confirmed.
- Confirmed: The number of bags confirmed by close of business was 2,282 or 16% of the volumes traded.
- Price Above $300: A total of 364 bags, or 3% of the volume traded, attracted a price of $300 and above.
- Grades AA and AB: 9,241 bags, or 66% of the volume traded, were grades AA and AB.
- Brokers: Twelve brokers participated in the trade: New KPCU, Alliance Berries, Kirinyaga Slopes, Meru Union, Mt. Elgon, KCCEMA, Kiambu Coffee, Baringo Kawa, United Eastern Kenya Coffee, Murang’a County Coffee Dealers, Minessota, and Kipkelion.
- Buyers: All coffee traded was bought by 16 buyers, led by Louis Dreyfus.
- ROCKBERN COFFEE GROUP bought the lowest amount of coffee, purchasing 5 bags (350 kgs) of grade AB at $263 from KOMOTHAI – Code XAA03 from Kiambu County.
By the end of the week, we will provide more details on which factories traded once the Final Transaction Listing is provided by the Nairobi Coffee Exchange, closing the 2023/2024 season.
