Grapevine

By Standard Media
Jul 24, 2024

Sh21 billion coffee traded at Nairobi auction shipped to 55 countries

585,066 bags of coffee were purchased by 45 dealers. [File. Standard]

Over 500,000 bags of coffee worth Sh21 billion traded at the Nairobi Coffee Exchange (NCE), were shipped to 55 countries in the last eight months.

Between October 1, 2023 and June 28, the regulator says 585,066 bags of coffee were purchased by 45 dealers, and at the auction, 101,858 bags exported to America.

In April, the auction market generated Sh3.5 billion, and became the highest payout for the 2023/2024 season.

A report by NCE indicated that Ibero Kenya, Kenyacoff, C- Dormans, Louis Dreyfus, Taylor Winch and Sasini Kenya Limited exported the largest consignment.