Coffee prices up 18pc as auction resumes

Nairobi Coffee Exchange chief executive Daniel Mbithi. PHOTO | NMG

Coffee prices improved 18 per cent at the local auction in the first sale since trading resumed after a one-month recess on account of quality beans.

A market report by Nairobi Coffee Exchange (NCE) indicates a 50-kilogramme bag of the produce fetched Sh13,000 in the sale held last Tuesday, up from Sh11,000 in the session before the auction broke for recess in June.

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