Coffee prices fall by 15pc ahead of the auctions long break

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 The value of Kenyan coffee dropped down by 15 per cent in this week trade as the quality of beans continue to head down in the face of the long auction recess about to take place this month.

According to the Nairobi Coffee Exchange (NCE) market report, the value of a 50-kg bag of coffee went for Sh11, 544 a clear drop from the previous sale of Sh13, 696.

The drop in value is mostly attributed to the production of high volume of low quality coffee according to the NCE chief executive Daniel Mbithi.

High quality beans from Central Kenya starts the main season in December, and the quality starts going down as the season nears the end in April-May.

Low volume and poor prices in the world market have also contributed to the low earning in the coffee market for this current financial year.

Short-time crop from Eastern and Western Kenya will have a chance to sell as the auction will close this month and re-open in mid-July. 

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The Author of this Article is a registered Financial & Investment Analyst with Institute of Certified Investment and Financial Analyst. If your require more information Email: info@finsolutions.co.ke or +254 780216631

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