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Commodities

Coffee auction stalls again on poor supply of quality beans

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

Nairobi Coffee Exchange (NCE) suspended the auction on Tuesday, marking the second time trading has been cancelled as a shortage of quality beans hit the weekly platform.

NCE chief executive officer Daniel Mbithi says the auction will resume next Tuesday when enough supply is expected.

NCE says there was a significant reduction of coffee supplied by farmers from the eastern part of the country, which is currently supposed to be the largest source of quality beans after the auction resumed from recess in July.

“We did not conduct the auction on Tuesday because we did not get enough coffee for trading,” said Mr Mbithi.

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