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Coffee from Kii factory fetches record price

A consignment of coffee from Kii processing factory in Kirinyaga county has fetched the highest price in five years amid a scramble by buyers and roasters for high-quality beans.

A 50-kilogramme bag of AA-grade coffee from the factory under Rungeto Farmers’ Cooperative Society fetched $686 (Sh85,778.08) or Sh1,715.56 a kilogramme during the Tuesday auction at the Nairobi Coffee Exchange (NCE) the highest earnings since 2017.

Buyers took up 17 bags of the speciality coffee netting growers from Kii some Sh1,458,227.36 from the single sale.

“The performance was driven by the high quality of the beans that were offered,” Mr Daniel Mbithi chief executive officer of the NCE told the Nation.

Kii Factory is one of three owned and operated by Rungeto and is nestled near River Kii at the foot of Mt Kenya.
Records at the NCE show that the highest auction price ever netted was $751 (Sh93,862.23) per 50-kilogramme bag for a consignment sourced at a processing factory in Nyeri County in February 2017.

Kenya’s coffee is much sought after by roasters and blenders, and the country sells its produce to the world market. International prices are used as a benchmark for the local price at the NCE.

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