Coffee prices stay high despite end of crop season
Thursday April 15 2021
By GERALD ANDAE
Summary
Coffee prices have held steadily at the weekly auction despite the main crop season coming to an end, bucking the trend in a period normally characterised by low prices.
A 50-kilo bag of the commodity at the Nairobi Coffee Exchange (NCE) traded at Sh22,248 in this week’s auction, a marginal decline from Sh22,600 in the previous sale held last week.
Coffee prices have held steadily at the weekly auction despite the main crop season coming to an end, bucking the trend in a period normally characterised by low prices.
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AFA locks out firm from coffee auction over farmers debt
Summary
The crops regulator said it was acting on a complaint letter sent by Kenya Planters Coffee Union (KPCU) to the buyer after it failed to pay farmers for 3,780 bags of produce bought on March 16.
According to Coffee Regulations, buyers are obligated to remit the sale proceeds to the direct settlement system either electronically or by banker’s cheque within five working days from the day of the sale of the commodity.
Friday April 09 2021
Summary
The crops regulator said it was acting on a complaint letter sent by Kenya Planters Coffee Union (KPCU) to the buyer after it failed to pay farmers for 3,780 bags of produce bought on March 16.
CMA sets deadline for coffee brokers to get fresh licences
Wednesday March 17 2021
By BRIAN NGUGI
Summary
The Capital Markets Authority (CMA) has set a July 1 deadline for coffee brokers to get new licences under rules introduced last year to weed out cartels.
CMA had last year allowed the brokers to continue trading under the old rules as they worked towards full compliance of the CMA regulations.
The Capital Markets Authority (CMA) has set a July 1 deadline for coffee brokers to get new licences under rules introduced last year to weed out cartels.
CMA had last year allowed the brokers to continue trading under the old rules as they worked towards full compliance of the CMA regulations.
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 Sh5.2 billion, were also double those recorded in January 2020, meaning that farmers are ideally looking at a significant increase in earnings this year if the trend is sustained.