Rainy season increases the price of Kenya coffee
The top price for
Kenya’s benchmark AA coffee declined to $604 from $701 per 50-kg bag at
the previous sale, data from the Nairobi Coffee Exchange (NCE) showed
on Wednesday.
However, the lowest
price for AA grade at the sale held on Tuesday increased to $250, from
$241 at the previous auction two weeks ago.
Overall, the
average price for all Kenyan coffee grades also increased to $341.22
from $295, with 16,127 bags sold out of the 23,421 on offer.
The high cost of the coffee has been attributed to low supply of the commodity due to the rainy season.
“We expect the high coffee prices to continue to early next year,” said Peter Kinyua, director, Servicoff Limited.
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