The prices of Kenyan coffee have fallen by up to 15% at the Nairobi Coffee Exchange (NCE), in what NCE Chief Executive Daniel Mbithi attributes to high volumes of low quality produce.
A 50-kilogram bag sold at an average price of KSh11,544, compared to KSh13,696 during the previous sale.
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This comes even as the auction is set to close this month and reopen in the second week of July in order to accommodate short-term crop from Eastern and Western Kenya.
Due to the COVID-19 pandemic, the Nairobi Coffee Exchange (NCE) has decided to replace their current auction system with KOSMOS, Aucxis’ standard stand-alone sales and information system, therefore enabling remote buying.