Boon for coffee farmers as auction service fee capped at lower 1.8pc

The Capital Markets Authority (CMA) has capped the service fees on the gross value of crops traded on the Nairobi Coffee Exchange (NCE) at a lower 1.8 percent, marking savings for growers who market their produce through the weekly action.

Kenya’s coffee is marketed either through the weekly auctions at the NCE or sold directly to buyers abroad.