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Poor quality of coffee pulls down the market value

Published on May 11, 2016

Kenya’s coffee has shed 4.7 per cent of its value in seven months to April as low prices at the premier New York Coffee Exchange and poor quality of local beans rolled back the gains of the previous period.

Latest data from the Nairobi Coffee Exchange (NCE) indicate the crop earned the country Sh10.1 billion between October and April this year compared to Sh10.6 billion fetched in the previous comparable period.

On the global market, the commodity is now trading at 126.35 cents per pound, having gained 1.69 per cent. Read more. Source | Business Daily