TANZANIA – The average prices of Tanzania’s mild Arabica and Robusta coffee beans rose during the last auction, which was held last week in Moshi.
RWANDA – Rwanda’s tea export earnings increased by 27 per cent to over $6 million in July, driven by better prices on the international market, the National Agriculture Exports Board (NAEB) monthly report indicates.
KENYA – Tea farmers and investors will miss out on the immediate windfall from higher prices at the Mombasa auction and weaker local currencies because of low volumes towards the close of the crop season in June.
KENYA – The price of coffee at the New York Coffee exchange rose to 138 dollar cents per pound this week from 124 cents last week, helping the local price to register good performance at the local auction.
GHANA – The Touton Group, one of the world’s largest cocoa processing companies, has inaugurated a 25,000 metric tonnes capacity cocoa processing factory in the Tema Free zone enclave.
KENYA – The Chinese government has rejected most of Kenya’s tea leaves over high fluoride content, erecting yet another road block on Kenya’s bid to grow its earnings from tea exports.
NIGERIA – Cadbury Nigeria plc, a company in the fast moving consumable goods (FMCG) sector, recorded a 75 percent decline in profit last year after headwinds continue to stunt growth, analysis of the financials shows.
KENYA – Tea prices have dropped by Sh8 a kilogramme or three per cent at the Mombasa auction in the most recent sales as buyers rush to release their stocks for fear of a fall in prices in the coming days.
UGANDA – Uganda’s tea exports have stagnated at 50,000 metric tonnes for the last five years, a new study shows.
UGANDA – The Inter-African Coffee Organisation (IACO) has predicted that world’s coffee consumption could hit 175 million bags and a vacuum of 30 million bags will be created.