Coffee earnings rise to Sh14.8bn amid shortages

Nairobi Coffee Exchange chief executive Daniel Mbithi. FILE PHOTO | NMG

Monthly coffee earnings rose 62.5 percent to $130 million (Sh14.8 billion) in February, helped by a global shortage due to a bad crop in Latin America.

Nairobi Coffee Exchange (NCE) said the earnings jumped from $80 million (Sh9.1 billion) in the corresponding month a year earlier in what will boost farmers’ earnings.

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