Bloomberg News

Tanzania Arabica Coffee Jumps 12% as Condition of Beans Improves

August 24, 2012

Tanzania’s benchmark coffee rose as much as 12 percent over the past week as the condition of the beans improved, the national coffee board said.

The benchmark arabica AA sold for as much as $210 per 50- kilogram (110-pound) bag yesterday compared with $188 a bag for the week earlier, the Tanzania Coffee Board said today by e-mail from the northern town of Moshi.

“The quality of the coffee is steadily improving,” Primus Kimaryo, the director of quality and promotion at the board, said by phone today from Moshi. “Buyers were aggressive in the market.”

The U.S., Japan and Germany are importers of Tanzania coffee, according to the board. Tanzania harvests its crop from April through August. Arabica accounts for 75 percent of the country’s output and robusta the rest.

Coffee supplied at the auction rose 46 percent to 30,644 bags from 20,978 bags a week earlier and sales climbed 41 percent to 26,841 bags, the agency said. The board offers coffee in 60-kilogram (132-pound) bags and sells them in 50-kilogram containers.

The following are details of yesterday’s auction in U.S. dollars for a 50-kilogram bag for the good grades:

Mild Coffee:
Grade             Offer   Sold      High      Low       Average
Arabica AA        6,690   6,293     210       138       173.35
Arabica A         6,558   5,865     181.20    164       168.03
Arabica AB          881     516     171.20    164       168.95
Arabica B         5,613   4,768     180.20    161       164.03
Arabica PB        2,255   2,034     169.80    160       164.16
Arabica C         1,203   1,203     152       134       143.56

Hard Coffee:
Robusta Organic   1,079   1,079     114.20    110.80    112.51
Robusta Over Scn 18  360    360     111.20    111.20    111.20
Robusta Superior  2,519   2,519     109       103.60    106.54
Robusta FAQ       3,598   3,598     102.20    100       100.80
Unwashed Arabica
Arabica Organic     240     --      --        --         --
Arabica FAQ       1,439     360     138       138       138.00

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

To contact the editor responsible for this story: Hilton Shone at hshone@bloomberg.net


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