This archive report was first published on 5 July 2021.
On July 5, 2021, the Nairobi Coffee Exchange (NCE) resumed trading after a two-month recess, with coffee prices recording a significant 27% increase.
The first sale after the resumption saw coffee selling at KSh27,000 for a 50-kilogramme bag, up from KSh21,276 in the last sale before the recess.
However, the number of bags offered for sale this week dropped from 13,060 in the previous sale to 8,144, due to farmers struggling with shortages caused by weather challenges.
Meanwhile, the Capital Markets Authority has issued coffee brokerage licenses to five coffee brokers, allowing them to trade coffee at the Nairobi Coffee Exchange (NCE) with effect from July 1, 2021.
Meru County Coffee Marketing Agency Limited has been granted a full coffee broker license, while other applicants have been granted conditional licenses with a requirement to comply with the Coffee Exchange Regulations within the next three months.
