Mon May 21 23:10:43 EAT 2018
Kenya's earnings from coffee dropped by 11% in the first six months of the year, to 11.6 billion shillings, compared to the 13 billion earned in a similar period last season.
Data from the Nairobi Coffee Exchange indicates that the dip in earnings is as a result of a drop in prices on the global market. This in turn affected Kenya's Arabica beans which have been experiencing a 3-year low this season. The NCE also reports that the volumes of coffee traded within the same period also dropped by 6%, due several factors such as delays in delivery to the market as a result of heavy rains.