By David Musyoka NAIROBI (Xinhua) --
Kenya’s coffee auction prices have started
declining following a similar trend at the international market.
Exchange (NCE) said in a statement released Thursday that the
price decline is further due to low quality of coffee beans
being offered for sale.
NCE chief executive
officer Daniel Mbithi said Thursday’s coffee auction recorded a
48.3-percent drop compared to last week auction.
volume offered for sale at the caution dropped to 712.018 tonnes
compared to 1,056 tonnes sold last week.
Coffee beans he said
being offered for sale at the moment are returns of early crop
from the Eastern region, mainly Meru and Machakos regions.
“Drying of the
coffee beans is taking long due to the cold being experienced
across the country. The dry spell has equally affected the
maturity of the beans thus leading to low quality of crop being
offered for sale,” Mbithi told Xinhua.
Thursday’s coffee auction dipped 0.76 percent to 208.88 U.S.
dollars from 210.48 dollars recorded during last week’s coffee
Mbithi said the
decline in volume is likely to continue to be witnessed until
around November when the market start receiving main crop
offered for sale at the Nairobi coffee auction declined to
29,309 tonnes at end of July,down from 31,370 tonnes the same
period in 2016.
The decline in
volumes Mbithi noted was triggered by prolonged drought.