Coffee prices in Africa have risen sharply

As Brazil, the world's largest coffee producer, is affected by bad weather, coffee production has declined, and coffee is in short supply on the international market. On February 5, the auction price of 50kg coffee at the Nairobi Coffee Exchange in Kenya rose to US $208, up 19.5% from US $174 last week, reversing the decline in coffee auction prices since last year. Kenya currently produces about 50,000 tons of coffee a year, 90% of which is used for export to earn foreign exchange.

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