Board:Coffee prices fall in quiet trade
| Tanzania�s coffee prices continued to fall, with a limited quantity of the crop changing hands, traders have said.
The state-run Tanzania Coffee Board (TCB) said 4,781 60-kg bags were offered, with 3,923 bags sold. At the last auction on February 18, 7,263 60-kg bags were offered and 5,324 bags sold. “(The) overall average prices at the Moshi exchange were down by $4.16 per 50kg compared with the last auction,” TCB said in its coffee auction report. At last week’s auction, average coffee prices plunged by $14.02 per bag. East African coffee is normally packed in 60-kg bags but the prices are quoted for quantities of 50 kg. Traders said most buyers have already met their export sales commitments as Tanzania’s coffee season comes to an end. Benchmark grade AA sold at $159.20-$232.60 per bag compared with $142.00-$235.00 per bag at the last auction and fetched an average price of $212.80 per bag, down from $217.55 previously. |