Coffee trends at the Nairobi coffee auction

Coffee Sales Trends at Nairobi Coffee Auction: Jan-May 2024


The Nairobi Coffee Exchange is a pivotal marketplace for coffee sales in Kenya, attracting buyers and sellers from around the globe.

This analysis explores coffee sales trends at the Nairobi auction from January 2024 to May 21, 2024.

By examining key metrics such as average prices, weights offered, and total values, we provide insights into the dynamics of the coffee market during this period.

coffee trends

Overview of Coffee Sales Data

The data collected encompasses several critical metrics:

  • Average Price per 50KG Bag (USD)
  • Price per KG (USD)
  • Weight Offered (kgs)
  • Total Value (USD)
  • Average Price per Kilo (KSH – Clean Coffee)
  • Average Price per Kilo (KSH – Cherry)

Key Trends and Insights

Average Price per 50KG Bag (USD)

The average price per 50 kg bag showed a notable increase from 180.45 USD on January 30, 2024, reaching a peak of 252.12 USD on April 9, 2024.

Post-peak, the price experienced fluctuations, dropping to 193.52 USD by May 14, 2024, before slightly recovering to 205.97 USD on May 21, 2024.

Price per KG (USD)

The price per KG mirrored the trend of the average price per 50KG bag, starting at 3.61 USD and climbing to a high of 5.04 USD on April 9, 2024. The price then declined to 3.87 USD by May 14, 2024, with a subsequent rise to 4.12 USD on May 21, 2024.

Weight Offered (kgs)

Data for the weight offered began from March 23, 2024, showing substantial initial values. Starting at 2,085,834 kgs, the weight offered generally declined, reaching 1,308,310 kgs by May 21, 2024. This indicates a reduction in the volume of coffee being auctioned over time.

Total Value (USD)

The total value closely followed the trend of weight offered. Initial high values were observed, with the peak being on April 3, 2024, at 10,255,751.22 USD.

Thereafter, a gradual decline in the total value was noted, aligning with the reduction in weight offered.

Average Price per Kilo (KSH – Clean Coffee and Cherry)

Both clean coffee and cherry prices per kilo showed an initial upward trend. Clean coffee peaked at 665.60 KSH per kilo on April 9, 2024, while cherry prices also peaked around the same period. Post-peak, a downward trend was evident in both metrics.

Conclusion

The coffee sales trends at the Nairobi auction from January 2024 to May 2024 reveal significant fluctuations in pricing and volumes. The initial rise in prices per 50 kg bags and per KG suggests strong market demand, which peaked in early April 2024.

However, a subsequent decline in prices and offered weights indicates potential market adjustments or seasonal variations impacting supply and demand.

These insights are crucial for stakeholders in the coffee industry, from growers and exporters to investors and policymakers.

Understanding these trends helps in making informed decisions to optimize profitability and market strategies.

About Post Author


Leave a Reply

Recent Posts

Categories

Social Media

Advertisement

the best agricultural website

Discover more from Agricultural solution center

Subscribe now to keep reading and get access to the full archive.

Continue reading