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 year.
Friday April 16 2021
By GERALD ANDAE
Summary
Coffee earnings grew by 67 percent in March compared with similar period last year backed by high demand, volumes and weaker shilling.
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.