Coffee market nets Sh 870 million at the auction

 The Nairobi coffee market generated Sh 870,593,485 after the auction of 18,338 bags of coffee, down from last week’s 21,636 bags across various grades.

At the Nairobi Coffee Exchange (NCE), 20 buyers attended, with 14 coffee brokers offering 3,860 bags of grade AA, 8,268 bags of grade AB, and 2,193 bags of grade C.

In the market, coffee brokers that presented the highest volumes at the auction were Alliance Berries Limited with 3,267 bags, New KPCU with 2,049 bags, and Kipkelion with 2,409 bags, among others.

NCE in a report average price was  Sh 38,449.25 per bag of coffee.