The decline in Kenyan coffee prices in 2019 and the decline in income will increase the proportion of locally baked coffee.
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Kenya's "Business Daily" reported that according to the data of the Kenya Coffee Council, in the four months to January this year, Kenya's coffee revenue was 41 million US dollars, down 13% year-on-year. Although favourable weather increased the amount of coffee available for sale by 2 per cent to 10,000 cubic tonnes, the price of Arabica coffee on the New York Exchange (ICE) fell to its lowest level in 13 years since November last year due to lower prices on the international market, resulting in a drop in the price of coffee on the Nairobi Coffee Exchange (NCE) from 23,000 KES per 50 kg to 19,000 KES. But coffee prices have risen since the start of the year and the Coffee Commission expects that trend to continue.
Ken reportedly plans to increase the proportion of locally roasted coffee from the current 5% to 10% in the next five years.
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Reuters predicts that the price of Arabica coffee will rise by more than 20% in 2019
Professional coffee knowledge exchange more coffee bean information please follow coffee workshop (Wechat official account cafe_style) world-renowned financial information platform Reuters recently conducted a survey of nine coffee traders and analysts, Arabica coffee price card will rise by nearly 20% by the end of 2019. The main reason is that the reduction in coffee production in Brazil this year will lead to global coffee supply falling short of demand.
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