Kenya’s coffee exports earnings in the 11 months to August 2022 increased by KES 9.8 billion ($81 million), attributed to higher volumes and better prices in the international market on the back of a shortfall in supply from leading producer Brazil.
Data from the Nairobi Coffee Exchange (NCE) shows coffee exports earnings in the period hit KES 25.2 billion ($210 million) compared to KES 15.5 billion ($129 million) in the 11 months to August 2021.
The number of bags sold through the auction grew by 52.58% from 377,204 in the previous season to 575,543 as at the end of the review period.
The average price per kilogramme increased from $279.41 last year to $297.73 per 50-kilogramme bag this year.
Daniel Mbithi, chief executive officer NCE says that due to the increased volume and higher price, the value generated in the current season went up by $80.9 million to $210.7 million from $129.8 million in the previous period.
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