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Coffee Prices Drop At Nairobi Auction

Business

Coffee Prices Drop At Nairobi Auction

Coffee farmers in the East African region may begin feeling the pinch of slumping prices as reported at the Nairobi based auction.

On average, the price of a 50 kilo bag dropped from Rwf91,200 to Rwf 89,688 in the latest sale held on Tuesday at the Nairobi Coffee Exchange (NCE).

“There was a slight decline on quality in this week’s trading compared with the previous one, a move that pushed down the price marginally,” NCE said.

According to the NCE, the quality of beans offered this week declined compared with the previous sale, pushing the price of the commodity down.

In the previous week’s sale coffee prices had registered 11 per cent rise.

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