Makindi Banks Ltd
Small estate in Kiambu County, Kenya · Growers code AB.0270
Auction performance
Between January 2015 and September 2020, coffee from Makindi Banks Ltd was sold in 152 lots at 56 auctions of the Nairobi Coffee Exchange. By volume it ranks 142 of 2,078 growers.
US$180average price per 50 kg bag
-5%vs market average (US$190)
288 tcoffee sold
US$1.0mtotal value
The average price depends heavily on the grade mix: lots of lower grades (MH, ML, UG, T) pull it down. Compare like with like in the grade table below.
Prices by grade
| Grade | Lots | Tonnes | Avg price | Market avg | Difference |
|---|---|---|---|---|---|
| AB | 45 | 120.8 | 203 | 218 | -7% |
| C | 43 | 101.2 | 162 | 168 | -3% |
| AA | 30 | 27.3 | 267 | 278 | -4% |
| T | 13 | 13.4 | 85 | 91 | -7% |
| UG2 | 6 | 8.0 | 58 | 80 | -28% |
| UG1 | 3 | 7.0 | 101 | 119 | -15% |
| PB | 5 | 4.3 | 219 | 205 | +7% |
| MH | 3 | 2.8 | 78 | 86 | -9% |
| ML | 2 | 1.3 | 37 | 56 | -34% |
| TT | 1 | 0.7 | 132 | 158 | -17% |
By season
| Season | Lots | Tonnes | Avg price (US$/50 kg) | Market avg |
|---|---|---|---|---|
| 2014/15 | 25 | 42.4 | 173 | 199 |
| 2015/16 | 16 | 28.1 | 209 | 191 |
| 2016/17 | 32 | 53.5 | 201 | 231 |
| 2017/18 | 29 | 76.9 | 168 | 191 |
| 2018/19 | 23 | 44.6 | 141 | 147 |
| 2019/20 | 27 | 42.2 | 206 | 188 |
Who buys this coffee
| Buyer | Lots | Share of volume | Avg price (US$/50 kg) |
|---|---|---|---|
| Ibero (K) Ltd | 35 | 25% | 166 |
| Taylor Winch (Coffee) Ltd | 22 | 17% | 207 |
| C. Dorman Ltd | 18 | 12% | 187 |
| Diamond Coffee Co. Ltd | 10 | 9% | 232 |
| Louis Dreyfus Commodities (K) Ltd | 10 | 8% | 183 |
| Rashid Moledina and Co. (Msa) Ltd | 15 | 7% | 83 |
| Kenyacof | 7 | 5% | 170 |
| Sondhi Trading Limited | 3 | 2% | 202 |
Marks used on auction lots: 52KF0004/MAKINDIBANKSLTD/AB0270, 50HC0023/MAKINDIBANKSLTD/AB0270, 12KF0039/MAKINDIB/AB0270, 16NG0036/MARMU/AB528, 47HC0011/MAKINDIBANKSLTD/AB0270.
Source: Nairobi Coffee Exchange sale results, January 2015 to September 2020, compiled by MyKahawa. Direct sales are not included. Prices are volume-weighted.