Kenya's Coffee Earnings Decline by 20% Despite Rise in Value

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Kenya's coffee earnings have experienced a 20 percent decline due to low volumes, despite a rise in the value of a 50-kilo bag. The total earnings for the week dropped from $10 million to $8 million, mainly caused by a decrease in the volumes offered for sale. However, the kilo of coffee has rallied two percent to $252, attributed to declining volumes at the international market.

Kenya's Coffee experienced a 20 percent decline in overall earnings for the week, attributed to low volumes, despite a rise in the value of a 50-kilo bag, according to market data from the Nairobi Coffee Exchange.

However, the coffee market recorded the highest value for the season with the kilo of the commodity rallying two percent to $252. Market momentum was fueled by persistent worries stemming from the potential impact of extensive rainfall in Brazil's key coffee-producing regions on crop yields.

 

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