Price of Kenya's top coffee grade dips at auction

NAIROBI (Reuters) - The top price of Kenya's benchmark grade AA coffee dipped to $332 per 50-kg bag at auction this week from $336 at the last auction, the Nairobi Coffee Exchange (NCE) said on Tuesday. The east African nation is a fairly small producer of coffee but its quality beans are used by roasters to blend with beans from other nations. The average price of all grades sold fell to $226.98 per bag from $230.54 at the previous sale. GRADE THIS SALE($) AVERAGE PRICE($) PREVIOUS SALE($) AA 226-332 290.27 236-336 AB 197-277 255.60 140-278 C 143-251 236.10 103-250 PB 198-273 251.33 106-276 T 80-219 165.77 78-216 TT 185-153 227.82 80-248