A 50 kilogramme bag was sold at Sh24,411 up from Sh22,557 in this week’s trading.
The price increase was attributed to better quality beans from central Kenya coming to the market following delays triggered by bad weather.
The price of coffee rose eight per cent this week marking one of the best performances since the beginning of the year.
A market report by the Nairobi Coffee Exchange (NCE) shows that a 50 kilogramme bag was sold at Sh24,411 up from Sh22,557 in this week’s trading. The price increase was attributed to better quality beans from central Kenya coming to the market following delays triggered by bad weather.
According to the NCE, the price is expected to rise as the region supplies the market with more beans.
“We expect the price to firm up going forward because we are getting good crop from farmers,” said Daniel Mbithi, the NCE chief executive.