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Farmers sort out coffee berries. [File, Standard]

The coffee auction generated Sh566.3 million from the sale of 13,937 bags of coffee in the last weekly auction, new data shows.

This reflected an increase of Sh183.9 million compared to the last auction, which realised Sh382.4 million from the sale of 9,736 bags of the commodity. Nyeri-based Chorong’i Factory affiliated to Mutheka Farmers’ Cooperative Society, achieved the highest price of Sh42,183 per 50kg bag after its consignment was sold by Alliance Berries Ltd.

According to the weekly market report from the Nairobi Coffee Exchange (NCE), out of the 13,937 bags delivered to the auction market, 9,241 bags consisted of the premier grades of AA and AB, which fetched Sh391.9 million. NCE Chief Executive Lisper Ndung’u said the 15 dealers who participated in the market expressed interest in the premier grades of AA and AB. “Twelve brokers led the pack, with Alliance Berries Ltd delivering 3,976 bags followed by New KPCU with 2,447 bags and Kirinyaga Slopes with 1,408 bags,” said Ms Ndung’u.

She added that the next auction will be held on October 1, opening the coffee year 2024/2025.

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