Marketer ordered to withdraw coffee consignment from auction

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A farmer tends to her coffee at Unjiru village in Nyeri County 

Photo credit: File| Nation Media Group

The Capital Markets Authority (CMA) directed Minnesota Coffee Marketers Ltd to withdraw a consignment of coffee from trading at the weekly Nairobi Coffee Exchange (NCE).

This follows trading malpractices that include the diversion of funds from the coffee auction and non-compliance with a regulation restricting the trade in the commodity to growers only.

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