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Coffee farmers earn Sh650 million from weekly auction

Nairobi Coffee Exchange (NCE) Chairman Mr Kenneth Gitonga and Chief Executive Officer Ms Lisper Ndung'u analyising some coffee beans ahead of a weekly auction. [Boniface Gikandi, Standard]

Coffee buyers at the weekly auction purchased Sh650.7 million produce at the Nairobi Coffee Exchange (NCE).

The 19 buyers purchased the produce delivered in the market by nine brokers from 784 cooperatives and estates led by Alliance Berries Limited and Meru Union.

During the online market, Maganjo factory affiliated with Rumukia Cooperative in Mukurwe ini, Nyeri achieved the highest price of Sh48,504 for each of 35 bags of AAG grade at the auction.

Other factories that achieved the best prices in the auction are Kanyari, Mweru, Mukiria, and Mugambone for their quality grades produced and marketed by Alliance Berries and NKPCU.

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