Kenyan coffee prices rose to the highest this year with beans
said to be good quality.
The average price for all coffee sold at the auction yesterday
climbed almost 11 percent to $232.74 per bag from $210.30 a
week earlier, the Nairobi Coffee Exchange said by e-mail. The
benchmark AA rose 20 percent to $394.84 a bag.
“The quality was very good,” Kizito Keya, a coffee trader at
Mumba Coffee Ltd., said by phone. “The crop is coming from
the central region.”
Sales rose 5.7 percent to 14,905 bags worth $4.22 million from
14,012 bags valued at $3.6 million last week, the exchange
said. Supplies at the auction rose 13 percent 27,346 bags.
The following are details of yesterday’s auction in dollars per 50-
kilogram bag:
Grade Low High Average AA 171 531 394.84
AB 151 370 234.02 C 132 233 188.52 E 244 244 244.00 HE
128 148 137.79 MH 122 133 125.77 ML 89 95 92.47 PB 181
378 265.02 SB 80 82 80.99 T 82 159 143.46 TT 136 225 188.31
UG 136 180 163.38 UG1 130 180 150.10 UG2 77 145 126.47

http://mobile.businesswe...h-with-bean-quality-good

$4.41 is for the better quality teas not what most teas can be sold for. Most (lower quality) teas are sold for significantly lower prices.

OK. If you say so. You must be right.

Sasini is back in action. Where are we headed? Some positive news from the international market am guessing

Expected. Williamson tea to follow suit??

- Kenyan tea producer Kapchorua issued a profit warning on Friday, blaming a sustained fall in the commodity's price at auction.

Kapchorua reported a 27 percent fall in profits in its first half ended September and on Friday said it anticipated earnings for the full financial year could be at least 25 percent lower than last year.

Kenya is the world's leading black tea exporter and the crop is a major foreign exchange earner in east Africa's largest economy, alongside horticulture and tourism.

Earlier this week, agricultural firm Kakuzi Ltd said its pretax profits halved in 2013, hurt by a steep decline in the turnover of its avocado and tea divisions.

Last year, Kapchorua and its peer company, Williamson tea , expressed concern that international tea markets had declined sharply in their first half ended September and were 30 percent below the same period in 2012, and at a seven-year low.

http://www.reuters.com/a...ua-idUSL6N0MI2E220140321

Amid this crisis of tourism weakening and falling with the shilling to expected lows of 90s being eminent, this sector stands to benefit the most as exporters.
Heading north again is my verdict.
Williamson Tea and Kapchurua expected to announce their fy2013 at the end of this week or next week, as 31st May is on a Saturday.

With the bear running the show, I still insists the agricultural stocks are the where all the bad news of currency weakening, inflation, hikes in base interest rates will turn into some lemonade. I dare say that these counter are still a buy as they will not sink more than 20pc from their current prices.

In short the agricultural sector is the only place I would recommend for your cash, other wise cash is king for now

When the book closure date passes the share price adjusts accordingly thus most of them are not under reporting steroids as kakuzi already have paid, kapchurua and Williamson closed books on June 30th.
And by the way when a billionaire makes a move on a sector you certainly realize there is more to it than its looks like