Coffee earnings jump by Sh10bn in 11 months on back of high volumes
Kenya’s coffee earnings in the 11 months to August 2022 increased by Sh9.8 billion ($81 million) boosted by higher volumes and better prices.
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Kenya’s coffee earnings in the 11 months to August 2022 increased by Sh9.8 billion ($81 million) boosted by higher volumes and better prices.
The price of Kenya’s coffee at the Nairobi auction dropped to a three-month low in this week’s sale, reflecting lower demand.
Kenyan coffee farmers may be set for an earnings boom following a major crop failure in Brazil, the world’s leading producer.
The CMA and Agriculture Cabinet Secretary Peter Munya have been in a supremacy battle since 2020.
Coffee prices at the auction jumped by $83 (Sh9,711) in the first sale since the trading resumed from recess.