Bloomberg News

Tanzania’s Top Coffee Grade Surges 19% at First Auction of Year

January 16, 2012

Jan. 16 (Bloomberg) -- Tanzania’s benchmark coffee grade rose 19 percent at the first auction of the year as buyers replenished stocks amid improved global prices, the Tanzania Coffee Board said.

The average price for the benchmark arabica AA grade rose to $273.86 per 50 kilogram-bag (110 pounds) from $229.62 at the last sale of 2011, the board said in an e-mailed report today.

To contact the reporter on this story: Fred Ojambo in Kampala at fojambo@bloomberg.net

To contact the editor responsible for this story: Alastair Reed at areed12@bloomberg.net


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