Coffee Price Falls As Rains Slow Supply of Good Beans
Coffee prices at the weekly Nairobi auction dropped seven per cent in last week’s sale after registering good performance in the previous sale. A report by Nairobi Coffee Exchange (NCE) shows a 50-kilogramme bag traded at Sh20,909 down from an average Sh19,897. The price, however, is expected to improve in the coming sales after quality crop started trickling into the auction. It has been experiencing a shortage of good quality crop in recent days forcing the trading to be suspended to accumulate enough crop to sustain the sale. NCE chief executive Daniel Mbithi said the main crop from central Kenya has been hampered by rains. “We have started receiving coffee from the main crop, but we are yet to get significant volumes given that its supply has been affected by rainy weather, which has slowed drying of the produce,” said Mr Mbithi.
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