Coffee market fetch Sh957 million after the Christmas break

Chairman to Gatumbi coffee factory Mr Kaihura wa Karanja attends one of his coffee trees [Boniface Gikandi, Standard]

The coffee auction netted Sh957.3 million in the weekly market after the sale of 18,138 bags that were bought by 12 dealers.

The trading at the Nairobi Coffee Exchange (NCE) was low compared to the previous auction two weeks ago that achieved Sh1.1 billion from the sale of 21,636 bags.

In the auction report, Kianjiru and Karumandi factories in Kirinyaga allied to Baragwi Farmers society achieved the highest price of Sh52,836 per bag and Sh52,706 per bag respectively after the produce was brokered by Alliance Berries Limited.