Rampant Theft Slows Down Coffee Auction at Nairobi Exchange
Coffee societies have reportedly been delivering small batches of the produce to factories due to fear of theft, affecting auction at the Nairobi exchange.
The Nairobi Coffee Exchange says five millers that had been issued with trading licenses by the Capital Markets Authority had not submitted samples for sale.
In the last six months, four factories have lost more than 360 bags of coffee valued at about U.S.$53,600 according to Meru County Commissioner, Ngumo Karuku.
Police suspect that insiders, such as workers and management, collude with criminals to steal the coffee before it is delivered to millers. Most of the theft reportedly happens after stakeholders meet and settle on when to deliver the coffee to a miller.
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Kenya:
Rampant Theft Slows Down Coffee Sale at Nairobi Exchange
Nation, 6 July 2021
Coffee societies have been delivering small batches of the produce to factories due to fear of theft, affecting auction at the Nairobi exchange. Read more »
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Kenya:
Newly Licensed Coffee Firms Locked Out of NCE on Glitch
Nation, 5 July 2021
The five coffee traders issued with the licences by the Capital Markets Authority (CMA) will not take part in this week's auction because they do not have the necessary… Read more »
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Kenya:
Concern as Coffee Thieves Hit Factories in Meru, Tharaka Nithi
Nation, 1 July 2021
Last Sunday a gang of about 40 men drove into Kieru Coffee Factory, about three kilometres from Nkubu town and loaded 240 bags of grade one coffee onto their lorry. Read more »
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Coffee Farmers Turn to Single Stem Pruning to Increase Production
Capital FM, 22 June 2021
A group of coffee farmers from Nyeri county are adopting a new method of coffee farming which they hope will increase their production and earnings. Read more »
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Kenya:
Inside New Plans to Rescue Coffee Sector, Make Growing It Profitable
Nation, 14 June 2021
For decades, coffee farmers have been at the centre of feuds involving the management of cooperative societies and millers, affecting production and leading to massive financial… Read more »
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A farmer picks coffee berries (file photo).