Global coffee buyers eye sales deal with farmers

The move could see growers earn up to Sh7,000 more per bag.

Kenya’s coffee is mainly traded at the New York Coffee Exchange where any change in price affects the local sales. FILE PHOTO | NMG 

IN SUMMARY

  • The move could see growers earn up to Sh7,000 more per bag.
  • About 85 per cent of Kenya’s coffee is sold abroad through the Nairobi Coffee Exchange, a lengthy supply chain that has dimmed farmers’ earnings.
  • Speaking after the meeting, Ms Waiguru noted that the short shelf-life for processed coffee poses a challenge for farmers and processors if they do not have ready and better markets to buy it.

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Members of the International Coffee Organisation (ICO) are in Kenya for talks with Kenyan coffee farmers who are looking to ink direct purchase deals with top global coffee buyers.

The ICO executive director Jose Sette held a meeting with Council of Governors vice chair Kirinyaga Governor Anne Waiguru on Tuesday and the Coffee Sub Sector Reforms Implementation Committee chairperson Joseph Kieyah in an effort to fetch higher prices for Kenyan farmers.

The move could see growers earn up to Sh7,000 more per bag.

About 85 per cent of Kenya’s coffee is sold abroad through the Nairobi Coffee Exchange, a lengthy supply chain that has dimmed farmers’ earnings.

Speaking after the meeting, Ms Waiguru noted that the short shelf-life for processed coffee poses a challenge for farmers and processors if they do not have ready and better markets to buy it.

“The problem is not the form in which our coffee is exported, the problem is the market. If we get better markets for our coffee, we will increase returns for our farmers and lead to improved living standards,” said Ms Waiguru.

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