The Mountain Journal
editor@themountainjournal.co.ke
Alliance Berries Limited in the year 2023/2024 took the lead in the coffee market as it controlled 27.57 percent of the commodity that was auctioned at the Nairobi Coffee Exchange (NCE).
In the national platform, Alliance Berries Limited was followed by New KPCU that controlled 19.48 percent, with Kirinyaga Slopes in the third position as it garnered control of 18.32 percent.
KCCE in the year controlled 7.17 percent of coffee that was sold at the auction market.
The reputable Coffee expert Henry Kinyua said the season under review marked the first full implementation of the Coffee General Regulations 2019, which brought coffee brokers under Capital Markets Authority regulation.
In the year, cooperative society backed Kipkelion Coffee Brokers pulled a surprise in Kericho county as it controlled 38 percent of the commodity that was chanelled to the market.
New KPCU emerged the second after it managed 14 percent, Alliance Berries the third with 13 percent and Kirinyaga Slopes polled eight percent.
Kinyua said the coffee brokers may be appointed by coffee growers or associations of coffee growers to sell their coffee through the Exchange, in accordance with the Crops (Coffee) (General) Regulations 2019.
“It was exciting to see many farmers’ cooperatives owned Brokers doing well during the season and we look forward to even successful 2024/2025,” said Kinyua.
The coffee brokers are licensed by the Capital Markets Authority in accordance with the Coffee Exchange Regulations 2020.
In Nyeri county, Alliance Berries Limited brokers 72 percent of the commodity at the NCE, followed by New KPCU that garnered 15 percent, KCCE 9.5 Percent and Kirinyaga Slopes 3.1 percent.
In Murang’a County, Alliance Berries Limited controlled 53 percent, New KPCU 15 Percent, Kirinyaga Slopes 11 percent, KCCE nine percent, Minnesota two percent.
In Kirinyaga County, Kirinyaga Slopes led with 74 percent, Alliance Berries: 24.8 percent, New KPCU one percent, and KCCE attained 0.2 percent.
