Monday 23 May 2022
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Coffee prices rise by 9per cent.

Coffee prices rose nine percent in the latest auction on improved quality of beans at the weekly auction.

A market report by Nairobi Coffee Exchange (NCE) indicates the average price of a 50 kilogramme bag increased from Sh17,952 to Sh18,360 this week.

Monthly earnings from coffee dropped to a 12-year low with the average price of a 50-kilogramme bag declining by 19.74 percent from Sh20,229 in October 2017 to Sh16,237.6 last month.

Kenya’s coffee is majorly traded at the New York Coffee Exchange and any change in price affects the local sales.The country seeks to raise the amount of coffee roasted locally from five to 10 per cent annually over the next five years even as production remains low.

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