Bloomberg News

Tanzania Average Benchmark Arabica Falls 0.2% at Auction

February 13, 2012

Feb. 13 (Bloomberg) -- Tanzania’s benchmark coffee grade fell 0.2 percent at an auction, the Tanzania Coffee Board said.

The average price for the benchmark arabica AA sold for $246.08 per 50-kilogram (110 pounds) bag compared with $249.49 a week earlier, the board said today by e-mail from Moshi, in northern Tanzania. Supplies of the grade rose 64 percent to 4,728 bags, it said. The average price for all coffee at the sale rose $5.50 per 50-kilogram bag, the board said.

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

To contact the editor responsible for this story: Ana Monteiro at amonteiro4@bloomberg.net


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