The top price of the benchmark Kenyan coffee grade was unchanged at $340 per 50 kg bag at this week's auction from the level at the last sale held on June 17, the Nairobi Coffee Exchange said on Tuesday. Kenya is a relatively small producer of coffee, but its beans are much sought after by roasters to blend with those of lower quality from other producing countries.
The benchmark grade AA sold at $184-$340 per bag compared with $177-$340 last month, the exchange said after the auction. Grade AB coffee fetched $170-$258 per bag compared with $106-$268 at the last sale. The average price for all the 8,879 bags of coffee offered was $152.65 per bag.
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