Kenya coffee fetches premium price at New York exchange

What you need to know:

  • Kenya’s Arabica, which is highly sought after by roasters for blending with other coffees, fetched $330.70 for a 50-kilogramme bag in last week’s auction with Indonesia coming in second at $259 per bag.
  • Traders at the Nairobi Coffee Exchange (NCE) are worried that the expensive nature of the Kenyan coffee might work against it as buyers might opt for other beverages with nearly similar characteristics.

Kenya’s coffee continues to fetch a premium price in the world market, making it the most valued beverage at the New York Coffee Exchange, the largest auction for the commodity.

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