NAIROBI: The maximum price of Kenya's benchmark coffee grade was unchanged at $390 per bag at this week's sale, the Nairobi Coffee Exchange said.
The east African nation is a fairly small producer of the beans but global roasters usually buy the crop, to blend with coffee from other producers, which offer beans with a lower quality.
Grade AA sold for $232-$390 per 50 kg bag while a bag of grade AB coffee fetched $204-$316 per bag, the coffee exchange said. Some 22,644 bags were offered for sale, fetching a total of $3.5 million. The average price per bag was $243.75.
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