The Nairobi Coffee Exchange auctioned a volume of coffee, generating Sh.1.8 billion for farmers and estates.
According to the NCE report, 34,855 bags of 50 kilos each were traded, a 6 percent decrease from the 37,204 bags that were auctioned in last week's sale.
The average price per bag of 50 kilos fell by 7 percent to Sh. 43, 590, down from Sh. 46,824 per bag in last week's sale.
This average price translates to Sh. 866 per kilogram of clean coffee, with a farmer expected to be paid at Sh. 107 per kilogram of delivered coffee.
