Farmers in estates and cooperatives have this week made Sh1 billion from the sale of 26,328 bags of coffee at the Nairobi Coffee Exchange (NCE).
In the auction, the produce was gathered from 1,140 cooperatives and estates by the eight marketing agents that reflected a decrease of 13 percent as compared to the previous delivery of 30,272 bags that raised Sh1.3 billion.
The best sale was recorded at Kii factory in Kirinyaga county where a 50 kilogrammes bag went for Sh71,089.5($498).
NCE Acting CEO Ms Lisper Ndung’u in her report said in the performance at the auction, Alliance Berries Limited delivered 6,621 bags that fetched $1,898,658.38, Kirinyaga Slopes 6,914 bags $2,092,040 and NKPCU 5,11 bags for $1,454,426.74.
” We are anticipating more coffee deliveries in the coming weeks as the harvesting is going on in some counties,” said the NCE official.
In the provision of the premier grades delivered by the marketing agents, there were 6,182 bags of AA, AB 11,825 bags and C 3,895 bags
In the buyers category there were 24 players and the leading five were, C Dorman bought 5,402 bags, Taylor Winch 4,717 bags, Kenyacof 4,258 bags, Ibero 3,961 and Sasini 2,948.
Coffee Trading Expert Henry Kinyua said 68 percent of the grades at the exchange were of the premier quality a trend that should be encouraged.
” The buyers are looking for the best for their international market,” said Kinyua.