Price of Kenya's top coffee grade dips at auction

Dan Streetman, vice president of wholesale and coffee buyer for Irving Farm Coffee Roasters, holds a handful of La Bendicion coffee beans from Nicaragua at Irving Farm in the Manhattan borough of New York September 23, 2014. REUTERS/Carlo Allegri·Reuters· (Reuters)

Reuters

Tue, Nov 25, 2014, 9:44 AM

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

Theater chain AMC beats revenue estimates, expects weaker second quarter
(Reuters) -AMC Entertainment on Wednesday beat estimates for first-quarter revenue, but the world's largest theater chain said the current quarter could be weaker than a year ago as strikes delayed the release of movies. AMC said it raised $124.1 million by selling 38.5 million shares in the current quarter and reduced debt principal by $17.5 million in the first quarter, by exchanging 2.5 million shares. "AMC's retail investors typically don't like to hear AMC say that they plan to issue more shares for its debt-reduction efforts, as it dilutes their holdings," said Wedbush Securities analyst Alicia Reese.
Reuters
Stocks Rebound As Rising Jobless Claims Sustain Rate-Cut Hopes, Dollar Falls, Gold Rallies: What's Driving Markets Thursday?
Wall Street is seeing a day of gains as all major indices traded in the green around noon in New York, driven by a surprising uptick in unemployment claims prompting speculation over Federal Reserve interest rate cuts. Jobless benefits rose from 209,000 to 231,000 in the week ending May 4, surpassing market expectations of 210,000 and reaching the highest level in eight months. Consequently, the U.S. dollar Index (DXY), tracked by the Invesco DB USD Index Bullish Fund ETF (NYSE:UUP), declined by
Benzinga
Jeff Bezos' Most Prized Possession Breaks Historical Auction Records At Almost $53 Million
Jeff Bezos amassed his wealth through Amazon stocks and owns hundreds of millions of dollars worth of real estate, but one of his most valuable possessions may surprise you: art. Among his collection is the renowned piece "Hurting the Word Radio #2 (1964)" by Ed Ruscha, purchased by Bezos for almost $53 million. This artwork, a prime example of Ruscha’s text-based paintings, stands as a signature piece in Bezos’ collection. As concerns over stock market volatility persist, the world’s wealthiest
Benzinga
The feds may crack down on credit-card rewards programs. Here’s what that means for your points and miles.
The Department of Transportation and the Consumer Financial Protection Bureau are exploring possible regulation of the credit-card rewards system and the frequent-flier programs linked to them, officials said at a joint hearing held by the DOT and CFPB on Thursday.
MarketWatch
Trump ‘offered to block electric car rollout’ as he asked oil bosses for $1bn
Donald Trump told oil industry executives he would dismantle Joe Biden’s pro-electric vehicle agenda as he asked for $1bn (£800m) to help return him to the White House, it has been claimed.
The Telegraph
Here's the Income and Net Worth You Need to Reach the Top 50% of American Households
Americans can improve their net worth through prudent budgeting and smart investments.
Motley Fool
Nvidia Dethroned: This AI Chip Stock Now Rules This Elite Screen
Broadcom just ended the reign of Nvidia, usurping the top spot on this list of new buys by the best mutual funds.
Investor's Business Daily
Watch: Activists overwhelm police to storm Tesla gigafactory
Hundreds of Left-wing activists have stormed Tesla’s Berlin gigafactory after overwhelming local police.
The Telegraph
Don't Sit On Losses: How This Simple Rule Spared Investors From Meta's 77% Crash
The 7% sell rule is one of the tools nimble individual investors have that larger funds which hold large positions among a wide range of stocks may not.
Investor's Business Daily
Where Will Palantir Stock Be in 2024?
Palantir gave investors clear insights into its direction for the rest of 2024.
Motley Fool

News

Life

Entertainment

Finance

Sports

New on Yahoo

Yahoo Finance

Price of Kenya's top coffee grade dips at auction

Recommended Stories

Theater chain AMC beats revenue estimates, expects weaker second quarter

Stocks Rebound As Rising Jobless Claims Sustain Rate-Cut Hopes, Dollar Falls, Gold Rallies: What's Driving Markets Thursday?

Jeff Bezos' Most Prized Possession Breaks Historical Auction Records At Almost $53 Million

The feds may crack down on credit-card rewards programs. Here’s what that means for your points and miles.

Trump ‘offered to block electric car rollout’ as he asked oil bosses for $1bn

Here's the Income and Net Worth You Need to Reach the Top 50% of American Households

Nvidia Dethroned: This AI Chip Stock Now Rules This Elite Screen

Watch: Activists overwhelm police to storm Tesla gigafactory

Don't Sit On Losses: How This Simple Rule Spared Investors From Meta's 77% Crash

Where Will Palantir Stock Be in 2024?