The average price of Tanzanian coffee fell to $208.80 a 50-kilogram bag at the first sale of the 2012-13 season from $213.07 a bag at the last sale of the old season on March 15, the nation’s Coffee Board said.
The lowest price for benchmark Arabica AA climbed to $203 a bag from $152 a bag, the board said today by e-mail from Moshi in northern Tanzania.
Supplies of the grade fell 59 percent to 1,153 bags and sold for as much as $211 a bag compared with a high of $242.40 a bag at the previous sale, the board said.
“We had a mixture of beans from the last season and from a new crop,” Primus Kimaryo, the director of quality and promotion at the agency, said by phone.
The U.S., Japan and Germany are some of the main importers of Tanzania coffee, according to the board.
Supplies for all the coffee at the auction rose 27 percent to 13,701 bags, while sales more than doubled to 13,579 bags as buyers replenished their stocks after the break, the board said.
Tanzania reaps its crop from April through August. Arabica accounts for 75 percent of the country’s output, while robusta accounts for the rest.
Production for this marketing season in the 12 months through June next year may climb to 61,012 tons from 32,045 tons because of a high-yield crop cycle and good weather, Kimaryo said on May 30.
The following are details of yesterday’s auction in U.S. dollars for a 50-kilogram bag for the good grades:
Grade Offer Sold High Low Average Arabica AA 1,153 1,153 211 203 208.80 Arabica A 1,617 1,617 209 160.60 187.76 Arabica AB 303 303 148.60 141.80 144.97 Arabica B 698 551 202.80 188 194.59 Arabica PB 314 314 205 192 199.82 Arabica C 104 104 160 145 152.84 Robusta Over Scrn 18 360 360 110.80 110.80 110.80 Robusta Superior 2,519 2,519 105.40 101.20 104.23 Robusta FAQ 3,958 3,958 104.60 90.60 100.47 Unwashed Arabica Arabica FAQ 3,238 3,238 143 130.20 138.20
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