The average price of Kenya's benchmark AA coffee grade <COF-AA-KE> slid to $472.83 per 50kg
bag from $537.34 per at the previous sale last week, the Nairobi Coffee Exchange (NCE) said on Tuesday .
The maximum price for a single batch was $600, down from $661 as prices eased off last month's record high of $1,022, when tight supply pushed up prices.
An NCE official said the 2010/11 coffee marketing season could close early, following a dip in volumes and crop quality, and auctions may be held every two weeks rather than weekly.
The east African nation is a relatively small coffee producer globally, but its specialty beans are highly sought after for blending with beans from other countries.
GRADE THIS SALE AVERAGE PRICE PREVIOUS SALE
AA 600-308 472.83 661-313
AB 583-288 405.02 615-306
C 409-300 346.71 381-294
PB 520-308 398.89 527-296
T 322-65 240.35 301-81
TT 421-303 339.47 401-278
source: https://portal.hpd.global.reuters.com/auth/login.aspx
