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Kenya Earned $210 mn from Coffee Exports in 11 Months to August 2022

The Nairobi Coffee Exchange is mandated to manage the coffee central auction in the country.

Kenya earned Sh25.2 billion ($210 million) from exporting coffee in the 11 months to August 2022 compared to Sh15.5 billion ($129 million) in the 11 months to August 2021.

Data from the Nairobi Coffee Exchange (NCE) attributed the growth to higher volumes and better prices in the international market on the back of a shortfall in supply from leading producers Brazil and Colombia.

The number of bags sold through the auction grew by 52.58% from 377,204 in the previous season to 575,543 at the end of the review period.

The average price per kilogramme increased from $279.41 last year to $297.73 per 50-kilogramme bag this year.

“Due to the increased volume and higher price, the value generated in the current season went up by $80.9 million to $210.7 million from $129.8 million in the previous period,” said Daniel Mbithi, chief executive officer of NCE.

Kenya: July Coffee Earnings up 55% to Ksh 22.4 Bn


 

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