Increased volume of coffee traded at Nairobi Coffee Exchange (NCE) on Tuesday has seen earnings for farmers and coffee estates hit Sh1.9 billion.
During Sale 17 of the current financial year at the NCE, a total of 32, 801 bags of coffee were traded, marking a 13 per cent increase from 28, 971 bags that were sold in the previous week.
The average price per bag of 50 kilos rose by 8 percent to Sh47,564, up from Sh43,945 released in last week's auction.
This average trading floor price equates to Sh146 per kilo of clean coffee, with farmers expected to receive approximately Sh117 per kilo of coffee delivered to their societies.
