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Kenya's coffee earnings surge 49 pct on rise in exports

NAIROBI
2022-12-22 02:10

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NAIROBI, Dec. 21 (Xinhua) -- The value of coffee Kenya exported between January and October rose 49 percent, boosted by increased shipments, the government statistics agency said on Wednesday.

The eastern African nation exported 43,308 metric tonnes (MT) of coffee at 33.8 billion Kenyan shillings (about 275 million U.S. dollars), up from 32,992 MT at 183 million dollars of the same period in 2021, the Kenya National Bureau of Statistics (KNBS) said in a report.

It said the prices during the 10 months averaged 5.27 dollars a kilogram in the global market, lower than the 5.91 dollars seen in the same period last year.

This is an indication that Kenya earned more from coffee due to increased shipments, following declined production in main markets, in particular Brazil.

Coffee production in the South American nation was hurt by frost and drought in the first half of 2022.

Enosh Akuma, acting director of Kenya's Coffee Directorate, attributed the surge in production to government policies that provide farmers with low-cost loans from a revolving fund since 2020, and subsidized fertilizers.
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