Tanzania coffee prices drop
Sep 21, 2011
Tanzania’s coffee prices fell at last week’s auction as supplies rose, but traders have said they expected prices to remain high for the rest of the season due to impact of drought on future output.
Tanzania’s coffee prices fell at last week’s auction as supplies rose, but traders have said they expected prices to remain high for the rest of the season due to impact of drought on future output.
The Tanzania Coffee Board said 19,484, 60-kg bags were offered at the sale, with 19,477 bags sold.
“Overall average prices at the Moshi exchange were down by $17.25 per 50kg and $5.96 per 50-kg because of mild arabica and robusta respectively compared to the last auction,†TCB said in its weekly report.
The Tanzania Coffee Board said 19,484, 60-kg bags were offered at the sale, with 19,477 bags sold.
“Overall average prices at the Moshi exchange were down by $17.25 per 50kg and $5.96 per 50-kg because of mild arabica and robusta respectively compared to the last auction,†TCB said in its weekly report.