Coffee prices at the weekly Nairobi auction have dropped by nine per cent, marking the first decline since the beginning of the year after a series of higher prices.
A market report by the Nairobi Coffee Exchange (NCE) indicates a 50 kilogramme bag of coffee was sold at Sh26,058 in this week’s trading, down from Sh28,684 in the previous sale. Coffee prices have been on an upward trajectory since the first sale of 2017 following an increase in high quality beans from farmers.
