@BdAfrica

Coffee prices in a downward trend - 7 months ago, 15 Aug 22:07

Coffee prices fell by five per cent at the auction this week, marking the third time in a row that the commodity has registered a decline since June when trading resumed from recess.

A market report from the Nairobi Coffee Exchange (NCE) indicates a 50-kilogramme bag of the produce fetched Sh17,000 on average this week down from Sh18,000 recorded in the previous auction.

According to the NCE, there have been a mixture of different coffee catalogues in the recent sales, which has lowered the quality.

“There was a slight decline in quality of coffee where different beans that had earlier been rejected at the auction was mixed with others, bringing down the value,” said NCE.

Prices had been on the increase in June and July due to a rise in volume of quality beans as the short-term crop from Eastern Kenya started getting to the market.

Before June, the price of coffee at the auction ...
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