By Henry Kinyua
Welcome to this week’s edition of the HK Coffee Market Summary: Sale 39.
Sale 39 took place on Tuesday August 27th 2024 at the Nairobi Coffee Exchange trading floor as usual and online trading platforms and was completed successfully.
Key Highlights
Volumes Traded: 9,618 bags were bought at an average price of $246 per 50 kg bag.
Average Price: Equivalent to Kshs 98 per kilo of cherry.
Total Value: The total value of coffee traded was $2,904,541 or Kshs 378 million.
Highest Price: The highest price paid for coffee in this trade was $375 per bag for 34 bags (2,100kgs) of grade AA from NDUNDU – factory Code XAA025F03, which is a part of THIRIRIKA FCS LTD in Kiambu County. The coffee was purchased by Sasini (K) Ltd and was confirmed.
Confirmed: The number of bags confirmed by the close of business were 792 or 8% of the volume that was traded.
Price Above $300: A total of 264 bags, or 3% of the volume traded, attracted a price of $300 and above.
Grades AA and AB: 7008 bags, or 73% of the volume traded, were grades AA and AB.•
Brokers: Six brokers, New KPCU, Alliance Berries, KCCE Ltd, Meru County Agency, Minnesota Coffee Marketing Ltd and United Eastern Kenya Coffee Ltd participated in the trade.
Buyers: All coffee traded was bought by 17 buyers led by C.Dormans Ltd. Rockbern Coffee Group bought the lowest amount of coffee buying 12 bags (157Kgs) of grade C at $222 per bag.
By the end of the week we will get into details on which factories traded once coffee has been traded and the Final Transaction Listing provided by the Nairobi Coffee Exchange.
