Kenyan coffee prices rise marginally on demand for quality beans
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게시됨 2022년 12월 1일
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Coffee prices rose marginally in this week’s sale, pushed by high demand for the top-grade beans at the auction. Kenya’s top-grade coffee AA fetched $217 (Sh26,571) per 50-kilogramme bag in the latest sale, up from $192 (Sh23,510) in the previous trading. This helped raise the overall price of the commodity to $180 (Sh22,041) from $178 (Sh21,796) previously. This is the first time in the last month that the price of the beverage has gained after a losing streak in the last four sales.
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READ: Coffee prices decline on low demand, expected surplus The poor performance was attributed to a surge in production in Brazil, the world’s top producer of beverages in the global market. The local prices have also been hit by falling international prices that have now stood at $1.61 from $1.9 per pound in October. Kenya sells over 95 per cent of its coffee to the world market and the international prices are used as a benchmark for the local price at the Nairobi Coffee Exchange. Coffee traders say favourable weather in Brazil has prompted coffee tree flowering and is set to continue over the coming months. The crop in Brazil was hit by bad weather in the last two years, cutting supplies from the world’s top producer. Kenya’s top-grade coffee is always in high demand by buyers who use it for blending with low-quality commodities from other countries. The total value of grade AA coffee jumped to $446,840 up from $377,539 in the previous sale. The total bags offered for sale ...