Bloomberg News

Tanzania’s Top Coffee Grade Rises as Buyers Replenish Stocks

January 24, 2012

(Updates with table of arabica prices.)

Jan. 24 (Bloomberg) -- Tanzania’s benchmark coffee grade rose 3.6 percent at the second auction of the year as buyers replenished their stocks, the Tanzania Coffee Board said.

The average price for the benchmark arabica AA grade at the Jan. 19 sale climbed to $283.74 per 50-kilogram (110-pound) bag from $273.86 a week earlier, the agency said in an e-mailed report today. Supplies of the grade more than doubled to 5,757 bags, it said.

The following are details of the Jan. 19 auction in U.S. dollars for a 50-kilogram bag:

--Editors: Alastair Reed, John Deane.

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

To contact the editor responsible for this story: Antony Sguazzin at asguazzin@bloomberg.net


Steve Ballmer, Power Forward
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus