Coffee earnings fall Sh1.4bn in seven months to April

A man picking ripe coffee beans. FILE PHOTO | NMG

Kenya’s coffee earnings dropped by Sh1.4 billion in the seven months to April compared with the same period last year because of low prices for Arabica in the international market.

Market data from Nairobi Coffee Exchange (NCE) indicate the value of coffee dropped from Sh13.1 billion in the months ahead of April last year to Sh11.7 billion in the period under review, representing a 10 per cent decline.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.