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Coffee price up for high global demand

Coffee price up for high global demandPhoto: Daily News  Coffee.

Coffee sold at Moshi Exchange increased to 7,668 bags compared to 5,564 bags of the previous auction supported by price surge driven by high global demand.

According to the auction results released by the Coffee Board of Tanzania (TCB), the overall average prices were up by 5.85 US dollars per 50 Kgs bag for Mild Arabica compared to an increment of 0.95/50US dollars for the same volume in the previous auction.

The Bank of Tanzania (BoT) monthly economic review for December shows that the prices of coffee (Arabica) went up mainly due to high global demand. Moshi Exchange average prices were above the terminal market by 4.03 US dollars per 50 for Mild Arabica.

The amount of coffee supplied at the Moshi Exchange increased to amount offered 9,759 bags in the last auction compared to 6,709 bags offered in the previous session.

The New York coffee May delivery were up by 3.35 US dollars equivalent to 3.69 per 50kgs Free on Board and London (LIFFE) market May delivery were up by 12 US dollars per metric tonne equivalent to 0.60 per 50kgs FOB compared to last week terminal market.

According to the TCB, the next auction will be held today.

Ethiopia is considered the birthplace of coffee. There are still many African countries that are rich in coffee. Kenyan coffee is known for its full-bodied flavor and strong fragrance, with a slightly winey and acidic aftertaste. The government is very involved in the country’s coffee production, rewarding growers with higher prices for higher quality and ensuring that the equatorial country produces only the best. 

It’s estimated that coffee growers first began harvesting wild coffee trees in Ethiopia around 800 B.C. Considered the birthplace of coffee, Ethiopia produces an incredible amount of delicious coffee from its three growing regions: Sidamo, Harer, and Kaffa. The word coffee is thought to come from Kaffa, the province most noted for is arabica trees. Full flavored and full bodied, the flowery and fruity characteristics of Ethiopian coffee have made it popular around the world.

The Democratic Republic of Congo is not one of the largest coffee producers on the continent, but its commitment to quality is clear. Small farms throughout the DRC produce both robusta and arabica blends, using the dry method of harvesting, and they can be found throughout the north, east, and central basin regions.

Uganda has become one of the leading coffee exporters in Africa, beating out Ethiopia largely due to its low local consumption rates of less than 2 percent. Its robusta trees are some of the finest in the world. The notable bugisu blend has a strong following internationally, ensuring that Ugandan coffee will continue to be widely available on the market for some time to come. 

Coffee production has become a vital economic resource in Burundi, as small farms throughout the northern regions have begun to produce soft arabica and robusta since their introduction to the country by the Belgians in 1930. With a full body and bright, floral flavors, Burundi coffee is de facto organically grown, given that most farmers eschew chemicals for the sake of keeping costs low and quality high. 

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