Sale 27/2016/17 - Avg Price in $/50kg

Sale 27/2016/17 - Avg Price in $/50kg

Sale 27/2016/17 - Avg Price in $/50kg

Sale 27/2016/17 - Avg Price in $/50kg

Sale 27/2016/17 - Avg Price in $/50kg

Sale 27/2016/17 - Avg Price in $/50kg

Sale 27/2016/17 - Avg Price in $/50kg

Sale 27/2016/17 - Avg Price in $/50kg

AA - 368.22, AB - 263.99, C - 222.64, PB - 251.90, T - 112.61, TT - 166.80, E - 234.70, HE - 126.41, MH - 101.90, ML - 90.67, SB - 62.31, UG - 0.00, UG1- 153.85, UG2 - 90.96, UG3 - 24.25

Overall (All Catalogues) 210.48

Overall (All Catalogues) 210.48

Overall (All Catalogues) 210.48

Overall (All Catalogues) 210.48

Overall (All Catalogues) 210.48

Overall (All Catalogues) 210.48

Overall (All Catalogues) 210.48

Overall (All Catalogues) 210.48

Due to the gazette notice making Monday 12th September a public holiday, the Exchange wishes to let all coffee stakeholders know that Sale No. 37 auction has now been pushed to Wednesday, 14th September, 2016.

Daniel Mbithi

 

 

Kindly be advised that due to the Labour Holiday which falls on Sunday 1st , the Monday 2nd will subsequently be observed as a public holiday. In this regard, Sale 24 Auction will be held on Wednesday, 4th May instead of the usual Tuesday, 3rd May, 2016.

All dealers, Marketing Agents and the general coffee industry stakeholders are requested to take note.

Daniel Mbithi

Coffee futures staged a strong start to September, attempting in New York to record their second highest close in more than a year, as data showing a slump in world exports crystallised concerns of tighter supplies.

 

Arabica coffee futures for December stood up 3.8% at 153.65 cents a pound in late deals in New York, a level which, if held to the close, would represent the strong finish for the contract, bar one, since May last year.

'Bullish as anything'

The gains were attributed in part to technical factors, with daily and, in particular weekly, charts on arabica deemed supportive to price.

"The weekly chart is bullish as anything. It is something to get excited about," Jack Scoville, at US broker Price Futures, told Agrimoney.com.

He also flagged talk of growing talk that a series of frosts in Brazil had wrought more damage on trees than originally thought - boding ill for prospects for a 2017 harvest which was already expected in arabicas to fall below this year's, given the country's cycle of alternate higher and lower producing years.

Most producers in major arabica-growing areas "talk of losses and that trade estimates are overstated", Mr Scoville said, adding that while "the industry has estimated the crop as high as 55m bags, but there are many doubters about this estimate.

 

"Some now talk of production for all of Brazil well below 50m bags," he said, noting talk of some plantations suffering notable frost damage.

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NAIROBI, April 11 (Reuters) - The value of coffee sold through Kenya's auction fell 9 percent to $85 million in the half-year to March due to lower volumes and prices, a senior official said on Monday.

The east Africa nation sold coffee worth $93.2 million in the first-half of the 2014/15 crop season that runs from October to September.

"The volume of crop was lower was in the first-half and this coupled with the price trend in New York reflected on the overall earnings," Daniel Mbithi, chief executive of the Nairobi Coffee Exchange told Reuters.

Kenya's coffee prices track those of arabica in New York.

Kenya, whose high-quality beans are sought by roasters to blend with beans from other producers, exports about 90 percent of its coffee through the exchange, and the remainder is sold to foreign buyers directly.

Officials said 324,585 bags of 60-kg each were sold in the six months to March compared with 328,401 the previous year.

 

The average price dipped to $214.51 per 50-kg bag from $232.4 in the previous year. East African coffee is normally packed in 60-kg bags but the prices are quoted for quantities of 50 kg.

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