Aug 9 2024
Coffee farmers earn Sh715 million at Nairobi auction
Coffee farmers pocked Sh715.7 million from the sale of 19,478 bags as Nairobi Coffee Exchange (NCE) resumed on Tuesday. At the auction, grade AA sourced from Kimathi, Kiairia, Mihuti, and Gatomboya factories marketed by Alliance Berries Limited was sold. Kimathi factory achieved the highest price of Sh50,764 for each of its 33 bags of grade AA, followed by produce from Kiairia that fetched Sh50,634, Mihuti Sh50,375, and Gatomboya Sh48,044. Kathinthiuku factory produce marketed by the New KPCU fetched Sh49,857 for each of its 109 bags of grade AA. NCE Chief Executive Officer Lisper Ndung’u said eight coffee brokers and 20 local and international buyers participated in the auction.
Photo Courtesy of The Standard