By Henry Kinyua
Monday, 17th June was a public holiday. Therefore, the coffee trading that usually occurs every Tuesday was moved to Wednesday.
The aroma of coffee continued to permeate the walls of the trading hall on the 2nd floor of Wakulima House along Haile Selassie Avenue, where the Nairobi Coffee Exchange is located. Sale 33 took place on Wednesday, 19th June 2024. As usual, online trading also took place, and the sale was completed successfully.
Key Highlights
- Volumes Traded: 14,260 bags were bought at an average price of $214 per 50 kg bag.
- Average Price: Equivalent to Ksh. 86 per kilo of cherry. The total value of coffee traded was $3,790,751.84 or Ksh. 493 million
- Highest Price: The highest price paid for coffee in this trade was $376 per bag from Ndiara Factory, which is part of Thanga-ini FCS in Murang’a County. It was purchased by C. Dormans.
- Price Above $300: A total of 330 bags, or 2% of the volume traded, attracted a price of $300 and above.
- Grades AA and AB: 4,248 bags, or 30% of the volume traded, were grades AA and AB.
- Brokers: Eight brokers, led by Alliance Berries, participated in the trade.
- Buyers: All coffee traded was bought by 19 buyers, led by Ibero Kenya.
It is also important to note that two more sales remain before the auction goes on a short recess from the 3rd of July 2024. Coffee from the main season is almost fully sold, and cooperatives have started paying their members. Have you been paid?
