From Origin

32 Percent Coffee Price Fall on Global Glut Signals Lower Earnings

From businessdailyafrica.com

Kenya’s coffee has shed 32 percent of its value since January as international prices remain low, pointing to a decline in earnings for farmers this season.

A market report from the Nairobi Coffee Exchange (NCE) indicates the price of a 50-kilogramme bag has dropped to a low of Sh13,300 from a high of Sh19,500 in January, marking the lowest value to have been realised since the beginning of the year.

The price has been dipping in the last couple of sales despite good volumes and high quality beans offered for sale at the auction.

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