Page 3 - Daniel Mbithi News Today

The price of Kenyan coffee has rallied in the international market after frost damaged the cash crop in Brazil, a top producer.

Newly licensed coffee brokers locked out of NCE on system glitch Summary The five coffee traders the Capital Markets Authority (CMA) licensed will not take part in this week’s auction for lack of infrastructure support. The brokers were licensed by the CMA last week to start trading directly at the Nairobi Coffee Exchange (NCE) without necessarily going through the marketers as has been the case previously. Preparations for the next auction normally starts on Thursdays, when traders are requi...

Higher prices lift March coffee earnings 67pc Summary Coffee earnings grew by 67 percent in March compared with similar period last year backed by high demand, volumes and weaker shilling. The Nairobi Coffee Exchange (NCE) said that the commodity earned Kenya Sh11.2 billion last month, compared to Sh6.7 billion that was realised in March 2020. The first quarter of this year has seen significantly higher prices compared to last year’s raising expectations that farmers earnings will go up this...

Coffee earnings rise 92pc on weak shilling, high demand Wednesday March 03 2021 Summary Coffee earnings grew by 92 per cent at the end of February compared with the corresponding month last year as good price, high volumes and weaker shilling pushed up export volumes. A market report from the Nairobi Coffee Exchange (NCE) indicates that the crop earned Kenya Sh8.7 billion in the revie period, up from Sh4.5 billion that was realised in the same time last year. Sales in January, which stood at Sh...

Coffee and tea prices rise at weekly auctions Tuesday February 23 2021 By GERALD ANDAE Summary Kenya’s agriculture commodities rallied last week to reverse the trend of falling prices in the previous sales at the auction. The price of tea inched closer to a two-dollar mark in the weekly auction, with a kilo selling at Sh217 from Sh215 in the previous week even as the volumes offered for sale at the Mombasa Auction went up. The price of the beverage had started the year on a high note but took...

Coffee earnings nearly doubled in January compared to the corresponding month last year on the back of higher prices and volumes.

Will online auctions quell storms brewing in tea, coffee sectors? Wednesday January 27 2021 Summary For decades, Kenya’s main commodity markets have been running on a manual platform with the arrival of the final price shrouded in secrecy. It was a practice that bred discontent among farmers who watched as their earnings dipped one crop season after another. Some, feeling short-changed by the system, cut down their crops in protest, prompting the State to seek alternative platforms that would...

The price of coffee at the auction will be determined by the value of direct sales to ensure that farmers earn more from their produce.