Coffee earnings up 17pc on higher volume and prices


Coffee earnings grew 17 percent in this week’s auction on the back of higher volumes and prices of the commodity, with the market witnessing a limited supply of high-quality grades.

Data from the Nairobi Coffee Exchange (NCE) shows the market recorded a turnover of $7.1 million (Sh816 million) this week when compared with $6.06 million (Sh697 million) that was witnessed last week.

The earnings in Kenya Shillings are expected to keep rising in line with the depreciation of the local currency against the US dollar.

Average prices at the auction this week increased to $236 (Sh27,128) up from $232 (Sh26,668) in the previous sale to reverse a streak of poor performance recorded in the last six sales.

The volume of coffee offered for sale increased to 24,610 from 21,258 bags of 50 kilos in the previous trading.

Prices of the commodity were helped by a marginal increase in supply of quality coffee for the medium grades in the market that pushed up the demand from buyers.