Coffee prices up 13pc in 10 months as global demand grows

Nairobi Coffee Exchange auction

A dealer examines coffee beans on display at the Nairobi Coffee Exchange (NCE) auction.

Photo credit: File | Francis Nderitu | Nation Media Group

The price of coffee sold at the Nairobi Coffee Exchange (NCE) has risen by an average of 13 percent in the first 10 months of the current coffee marketing season, driven by demand.

Data from the weekly auction shows that the average price of a 50-kilogramme bag of coffee sold between October and July rose to $201.4 (Sh25,980), up from an average of $178.14 (Sh22,980) in the same period last year.

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Note: The results are not exact but very close to the actual.