Coffee prices decline on low demand, expected surplus

A variety of coffee beans at the Nairobi auction. FILE PHOTO | NMG

Coffee prices continue to decline on the back of low demand and a projected surplus of the commodity in the world market occasioned by a better crop in Brazil and Central America.

The Kenyan beverage recorded a decline in the latest sale per 50-kilogramme bag to stand at $189 (Sh22,886) down from $191 (Sh23,111) previously.

PAYE Tax Calculator

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