Kenyan Coffee Supplies Decline – Prices Rise1 September 2009 in News
The Nairobi Coffee Exchange has reported that Kenya’s average coffee price rose 4.4% at an auction earlier today, after supplies of the beans declined amid strong demand.
$178.17 was the average price for a 50-kilogram (110-pound) bag, up from $170.58 on August 26. The top AA grade fell 1.3% to an average of $210.50 a bag (from $213.28 last week), after the quality of the grade declined. Supplies of the grade fell 51.8% to 597 bags.
Prices have reportedly edged higher because the supply is tight, and speculation is rife that there is little coffee available in the country. A drought has affected the size and volume of available beans.
Have you ever tried Kenyan coffee?
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