Some 33,673 bags of coffee traded at Nairobi Coffee Exchange (NCE) on Tuesday earned farmers' cooperative societies and coffee estates Sh. 2.04 billion.

In the auction that took place at Wakulima House in Nairobi, the average price rose by 4 percent to Sh. 49,464 per 50 kg bag, up from Sh. 47, 527 realized in last week's sale 17.

This average price translates to Sh. 994.5 per kilo of clean coffee, with farmers expected to be paid Sh. 122.

The highest price achieved was Sh. 59,279.9 per 50 kg bag, a 3 percent increase from Sh. 57,600 recorded in the previous sale.