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Kenya: Coffee Exports Fetch More Amid Lower YieldTuesday, December 16, 2014 > 10:02:30
Kenya's earnings from exports of coffee are this year set to surpass 2013, going by provisional data for nine months.
Coffee has raked in slightly more foreign exchange so far, helped by favourable global prices despite a lower quantity exported.
Kenya had shipped out 37,551.4 tonnes of unroasted coffee by end of September, 7.1 per cent lower than the 40,413.4 tonnes sold abroad by the same time last year.
Higher prices in international markets boosted earnings from the lower quantity by 0.5 per cent to Sh15.33 billion, from Sh15.27 billion.
At local auctions, the cash crop's prices averaged $4.27 per kilogramme, far higher than recorded over the past two years.
Internationally, coffee prices averaged $4.62 per kilo, declining from a 2.5-year high of $4.97 a kilo in October, data from the International Coffee Organisation shows.