Connect with us

Business News

Nairobi Coffee Exchange Records a Fall in Prices

Published

6 years ago

on

[ad_1]

The prices of Kenyan coffee have fallen by up to 15% at the Nairobi Coffee Exchange (NCE), in what NCE Chief Executive Daniel Mbithi attributes to high volumes of low quality produce.

A 50-kilogram bag sold at an average price of KSh11,544, compared to KSh13,696 during the previous sale.

Read Also: Prices Fall at the Nairobi Coffee Exchange

This comes even as the auction is set to close this month and reopen in the second week of July in order to accommodate short-term crop from Eastern and Western Kenya.

Due to the COVID-19 pandemic, the Nairobi Coffee Exchange (NCE) has decided to replace their current auction system with KOSMOS, Aucxis’ standard stand-alone sales and information system, therefore enabling remote buying.

See Also:

World Bank Gives KSh1.5 Billion to Coffee Sector

Proposed Tax to Hit brokers in Stocks, Insurance, Tea & Coffee Auctions



[ad_2]

Source link

Comments

comments

Related Topics:

The Kenyan Digest Team

Facebook

Trending