Kenyan Coffee Ranked Among the Best Globally

By Soko Directory Team / January 29, 2016




Production of high quality coffee beans in Kenya has led to an increase In the prices of coffee, which have gone up by 14 percent.

The Nairobi Stock Exchange (NSE) reported that a 50kg bag of coffee currently goes at Sh.24,000, increasing from Sh.21,000 last week. Grade AA sells at Sh.32,028 from Sh.27,030 while grade AB rose from Sh.22.950 to Sh.25,092.

Despite the low market prices on the global market, Kenyan coffee has attracted high prices due to its good quality compared to those from other countries. The last time the price increased in the country was in February last year, which means that it is one year since the same was experienced.

Farmers have been grappling over low prices for a very long period of time, and that is a great relief to them. The good quality coffee beans said to have attracted high prices, comes from Central Kenya who are the also the leading producers of coffee in Kenya.

The Chief Executive Officer of NSE Daniel Mbithi stated that coffee prices at the auction in New York, where Kenya sells its coffee had gone down from US 126 cents a pound to US 115 cents last week. He disclosed that quality was a key factor that determines the prices of the crop.

Mbithi added that among other challenges facing the global coffee market, weak currencies and oversupply are key but the Kenyan coffee seems to have overcome all these. Last year, exports from Kenya’s coffee fetched the country Sh.16.2 billion which was an increase compared to what was fetched in 2014.

More than 90 per cent of the locally produced coffee is exported and it is mainly used by roasters in blending. Towards the end of last year, four Kenyan coffee brands were reported to be among the top 30 most sought after by coffee roasters across the world.


Article by Vera Shawiza.

 



About Soko Directory Team

Soko Directory is a Financial and Markets digital portal that tracks brands, listed firms on the NSE, SMEs and trend setters in the markets eco-system.Find us on Facebook: facebook.com/SokoDirectory and on Twitter: twitter.com/SokoDirectory

View other posts by Soko Directory Team


More Articles From This Author








Other Related Articles










SOKO DIRECTORY & FINANCIAL GUIDE

ARCHIVES

2019
  • January 2019 (256)
  • February 2019 (216)
  • March 2019 (285)
  • April 2019 (254)
  • May 2019 (272)
  • June 2019 (252)
  • July 2019 (340)
  • August 2019 (227)
  • 2018
  • January 2018 (291)
  • February 2018 (219)
  • March 2018 (278)
  • April 2018 (225)
  • May 2018 (238)
  • June 2018 (178)
  • July 2018 (257)
  • August 2018 (249)
  • September 2018 (256)
  • October 2018 (287)
  • November 2018 (284)
  • December 2018 (187)
  • 2017
  • January 2017 (183)
  • February 2017 (195)
  • March 2017 (207)
  • April 2017 (104)
  • May 2017 (169)
  • June 2017 (205)
  • July 2017 (190)
  • August 2017 (195)
  • September 2017 (186)
  • October 2017 (235)
  • November 2017 (253)
  • December 2017 (266)
  • 2016
  • January 2016 (165)
  • February 2016 (165)
  • March 2016 (190)
  • April 2016 (143)
  • May 2016 (246)
  • June 2016 (183)
  • July 2016 (271)
  • August 2016 (249)
  • September 2016 (234)
  • October 2016 (191)
  • November 2016 (243)
  • December 2016 (153)
  • 2015
  • January 2015 (1)
  • February 2015 (4)
  • March 2015 (166)
  • April 2015 (109)
  • May 2015 (117)
  • June 2015 (121)
  • July 2015 (150)
  • August 2015 (157)
  • September 2015 (189)
  • October 2015 (170)
  • November 2015 (174)
  • December 2015 (208)
  • 2014
  • March 2014 (2)
  • 2013
  • March 2013 (10)
  • June 2013 (1)
  • 2012
  • March 2012 (7)
  • April 2012 (15)
  • May 2012 (1)
  • July 2012 (1)
  • August 2012 (4)
  • October 2012 (2)
  • November 2012 (2)
  • December 2012 (1)
  • 2011
    2010
    2009
    2008
    2007
    2006
    2005
    2004
    2003
    2002
    2001
    2000
    1999
    1998
    1997
    1996
    1995
    1994
    1993
    1992
    1991
    1990
    1989
    1988
    1987
    1986
    1985
    1984
    1983
    1982
    1981
    1980
    1979
    1978
    1977
    1976
    1975
    1974
    1973
    1972
    1971
    1970
    1969
    1968
    1967
    1966
    1965
    1964
    1963
    1962
    1961
    1960
    1959
    1958
    1957
    1956
    1955
    1954
    1953
    1952
    1951
    1950