Coffee prices in Kenya experience a slight increase at auction

  • Kenya’s mild arabica coffee price rose by 1.4% at an auction
  • Coffee beans were sold at an average price of $196.95 for a 50-kilogram bag
  • A total of 1,051 metric tons of green coffee beans were sold for $4.14 million

Kenya’s mild arabica coffee price rose by 1.4% at an auction on Tuesday, reaching an average price of $196.95 for a 50-kilogram bag. A total of 1,051 metric tons of green coffee beans were sold for $4.14 million. This increase in price reflects the demand for Kenyan arabica coffee, which is primarily sold at auctions and is mostly destined for export.

Public Companies:
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Key People: George Mwangi (Special to Dow Jones Newswires)

Factuality Level: 10
Justification: The article provides factual information about the rise in Kenya’s arabica coffee price at an auction. It includes specific details such as the average price per bag, the total amount of coffee beans sold, and the grades and prices of different types of coffee beans. The article also mentions the auction process and the use of the New York ICE futures index as a benchmark. There are no digressions, misleading information, sensationalism, redundancy, or opinion masquerading as fact in the article. Overall, the article is objective and provides accurate information.

Noise Level: 8
Justification: The article provides specific information about the rise in Kenya’s arabica coffee price at an auction. It includes data on the average price, the amount of coffee beans sold, and the comparison with the previous auction. The article also provides a breakdown of prices for different grades of coffee beans. However, it lacks analysis or insights into the long-term trends or consequences of the price increase.

Financial Relevance: Yes
Financial Markets Impacted: The article provides information on the price of Kenyan arabica coffee at an auction. This information may be of interest to coffee traders, exporters, and investors in the coffee industry.

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article does not mention any extreme events or significant disruptions in the coffee market.

Reported publicly: www.marketwatch.com