Tridge summary
The export price of coffee for the 2021/22 financial year in Tanzania has increased by 30%, with a 50-kilo bag of dry coffee beans now selling for $186.17, up from $130 the previous season. This price increase is due to falling production in Brazil, the world's leading coffee exporter, and rising consumption in Tanzania. The Tanzania Coffee Board (TCB) will conduct at least 25 coffee auctions in various coffee growing zones throughout the season. Coffee production in Tanzania is projected to reach a record 65,000 tonnes, with at least 35,000 tonnes being Arabica coffee and 30,000 tonnes Robusta. Despite a decline in the value of traditional exports like cotton, sisal, cloves, and tea in the year ending June 2021, coffee and sisal were the only traditional export crops to see an increase in the same period.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Moshi — The export price of coffee for 2021/22 financial year has gone up by 30 percent, it was announced here. A 50-kilo bag of dry coffee beans is now selling at $186.17 (about Sh420,000) up from $130 during the last season. Tanzania Coffee Board's (TCB) sales and quality control manager Frank Nyarusi attributed the price rise to falling production in Brazil, the world's leading coffee exporter. He added that consumption of coffee in Tanzania has lately gone up, broadening the local market of one of Tanzania's leading cash crops. The coffee auctions for the 2021/22 season conducted by TCB commenced on August 12, this year and would be held on every Thursday. "By the end of the season, at least 25 auctions will be held in various coffee growing zones in the country," he told journalists at his office. The zones are Songwe for the southern highland regions, Mbinga for southern zone, Moshi (northern) and Bukoba for the Lake zone regions, mainly for Robusta coffee. However, he ...
Source: All Africa
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