@TheStar

Premium grade coffee prices up

1 weeks ago, 23:29

By: Mercy Gakii

Kiambu, Bungoma and Nyeri small scale coffee farmers  earned the highest prices of the premium Grade AA coffee sold at this week’s auction. 

Nairobi Coffee Exchange (NCE) auction reports show that growers from Gititu, Chesiro and Rutuma cooperative societies in the three counties were the top earners for premium grades sold by their marketing agency Sasini Limited Company. 

Gititu farmers from Kiambu county sold 42 bags grade AA at Sh56,375 ($550 ) and 32 bags of Grade PB at Sh35,977.50 (US$351 ) per 50 kilo. Marua factory of Rutuma Farmers cooperative society from Nyeri county traded 32 bags of Grade AA and nine bags of Grade AB at Sh46, 227 ($451 ) and Sh35, 670 ($348 ) respectively. They also earned Sh36,490 ($356 ) of Grade AB.

Chesiro Farmers Cooperative Society from Bungoma County which had 33 bags of Grade AA fetched Sh43,767.50 ($427 ) while Grade AB realized Sh35, 875 ($350 ) per 50 kilo bag.  NCE chief executive, Daniel Mbithi said prices are likely to rise further in coming sales following delivery of quality beans from the Mt. Kenya and other regions.

“There is a lot of improvement in terms of quality of coffee being delivered this year despite the national prices remaining low,” he said.


Read More


Category: business news

Suggested

1 day ago, 07:51
@BusinessDaily - By: Patrick Alushula
Marginalised counties demand Sh28.3bn from Treasury

Kenya’s poorest counties have teamed up to demand the release of Sh28.3 billion that the National Treasury has withheld over the years ...

Category: business corporate news
1 day ago, 07:43
@BusinessDaily - By: Patrick Alushula
Lobby reads mischief in accountants transfers

ICPAK accuses govt of witch-hunt saying procurement and accounting officers have been denied access to their previous duties ...

Category: business news
1 day ago, 22:19
@DailyNation - By: Peter Changtoek
Summer flowers for small farmer

Thomas Sang grows flowers that he sells to a firm that exports them earning a tidy sum ...

Category: business news
1 day ago, 23:14
@TheStar - By: Abel Muhatia @muh ...
Kerosene and petrol prices slashed before Christmas

Poor households that largely depend on Kerosene for lighting and cooking will enjoy the fuel at a cheaper rate for the next one month following ERCs latest review.According to the review, the cost of ...

Category: topnews news business
1 day ago, 22:19
@DailyNation - By: Isaiah Esipisu
Only smart farming will overcome climate change: Experts

Scientists note that the use of technologies and innovations like solar irrigation, digital agriculture, climate-smart agriculture and climate-smart breeding, is the only way to tackle the negative ...

Category: business news
1 day ago, 22:34
@TheStar - By: Andrea Bohnstedt
Financing through CSR

A few days ago, president Uhuru Kenyatta said that he would require banks to emulate KCB Group’s corporate social responsibility (CSR) programme and set aside funds for youth empowerment programmes. K ...

Category: topnews news business

@TheStar

Premium grade coffee prices up

1 weeks ago, 23:29

By: Mercy Gakii

Kiambu, Bungoma and Nyeri small scale coffee farmers  earned the highest prices of the premium Grade AA coffee sold at this week’s auction. 

Nairobi Coffee Exchange (NCE) auction reports show that growers from Gititu, Chesiro and Rutuma cooperative societies in the three counties were the top earners for premium grades sold by their marketing agency Sasini Limited Company. 

Gititu farmers from Kiambu county sold 42 bags grade AA at Sh56,375 ($550 ) and 32 bags of Grade PB at Sh35,977.50 (US$351 ) per 50 kilo. Marua factory of Rutuma Farmers cooperative society from Nyeri county traded 32 bags of Grade AA and nine bags of Grade AB at Sh46, 227 ($451 ) and Sh35, 670 ($348 ) respectively. They also earned Sh36,490 ($356 ) of Grade AB.

Chesiro Farmers Cooperative Society from Bungoma County which had 33 bags of Grade AA fetched Sh43,767.50 ($427 ) while Grade AB realized Sh35, 875 ($350 ) per 50 kilo bag.  NCE chief executive, Daniel Mbithi said prices are likely to rise further in coming sales following delivery of quality beans from the Mt. Kenya and other regions.

“There is a lot of improvement in terms of quality of coffee being delivered this year despite the national prices remaining low,” he said.


Read More

Category: business news

Suggested

1 day ago, 07:51
@BusinessDaily - By: Patrick Alushula
Marginalised counties demand Sh28.3bn from Treasury

Kenya’s poorest counties have teamed up to demand the release of Sh28.3 billion that the National Treasury has withheld over the years ...

Category: business corporate news
1 day ago, 07:43
@BusinessDaily - By: Patrick Alushula
Lobby reads mischief in accountants transfers

ICPAK accuses govt of witch-hunt saying procurement and accounting officers have been denied access to their previous duties ...

Category: business news
1 day ago, 22:19
@DailyNation - By: Peter Changtoek
Summer flowers for small farmer

Thomas Sang grows flowers that he sells to a firm that exports them earning a tidy sum ...

Category: business news
1 day ago, 23:14
@TheStar - By: Abel Muhatia @muh ...
Kerosene and petrol prices slashed before Christmas

Poor households that largely depend on Kerosene for lighting and cooking will enjoy the fuel at a cheaper rate for the next one month following ERCs latest review.According to the review, the cost of ...

Category: topnews news business
1 day ago, 22:19
@DailyNation - By: Isaiah Esipisu
Only smart farming will overcome climate change: Experts

Scientists note that the use of technologies and innovations like solar irrigation, digital agriculture, climate-smart agriculture and climate-smart breeding, is the only way to tackle the negative ...

Category: business news
1 day ago, 22:34
@TheStar - By: Andrea Bohnstedt
Financing through CSR

A few days ago, president Uhuru Kenyatta said that he would require banks to emulate KCB Group’s corporate social responsibility (CSR) programme and set aside funds for youth empowerment programmes. K ...

Category: topnews news business
Our App