Coffee dips below $300 first time this year on quality concerns

A farmer picks coffee berries in Nyeri, central Kenya. FILE PHOTO | NMG

Coffee prices at the auction dropped by two percent in last week’s trading, to mark the first time that the commodity is trading at below $300 (Sh33,147) per 50-kilogramme bag since resuming from recess in July.

The development is attributed to the declining quality of the beans as the current crop season is drawing to a close.

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