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Coffee prices at an all time high @ 775 bob per kg
hardwood
#1 Posted : Friday, February 23, 2018 2:02:00 PM
Rank: Elder


Joined: 7/28/2015
Posts: 7,904
Very good news....farmers should be smiling all the way to the bank.

https://www.nation.co.ke...4580-8uuqsez/index.html

Quote:
Coffee prices at the weekly Nairobi auction have risen 75 per cent since the first sale of the year following an increase in high quality beans.

The average price of a 50-kilo bag rose to a high of Sh38,784 in Tuesday’s auction from Sh22,119 in the first sale of this year.
Swenani
#2 Posted : Friday, February 23, 2018 2:57:32 PM
Rank: User


Joined: 8/15/2013
Posts: 12,713
Location: Vacuum
hardwood wrote:
Very good news....farmers should be smiling all the way to the bank.

https://www.nation.co.ke...4580-8uuqsez/index.html

Quote:
Coffee prices at the weekly Nairobi auction have risen 75 per cent since the first sale of the year following an increase in high quality beans.

The average price of a 50-kilo bag rose to a high of Sh38,784 in Tuesday’s auction from Sh22,119 in the first sale of this year.


Wakiongeza bei, tunaiba kahawa kwa shamba.

Poverty is the root of all evil
Kaigangio
#3 Posted : Friday, February 23, 2018 4:53:10 PM
Rank: Elder


Joined: 2/27/2007
Posts: 2,762
hardwood wrote:
Very good news....farmers should be smiling all the way to the bank.

https://www.nation.co.ke...4580-8uuqsez/index.html

Quote:
Coffee prices at the weekly Nairobi auction have risen 75 per cent since the first sale of the year following an increase in high quality beans.

The average price of a 50-kilo bag rose to a high of Sh38,784 in Tuesday’s auction from Sh22,119 in the first sale of this year.


@hardwood...bubudiu mbovu news NKT!!!.Which farmer is that, that should be smiling all the way to the bank? They have not paid above 150/= per kg in a long time and I don't expect it even if if they auctioned it at 2,000/= per kg. Poor farmer!!!
...besides, the presence of a safe alone does not signify that there is money inside...
murchr
#4 Posted : Friday, February 23, 2018 5:18:49 PM
Rank: Elder


Joined: 2/26/2012
Posts: 13,649
Kaigangio wrote:
hardwood wrote:
Very good news....farmers should be smiling all the way to the bank.

https://www.nation.co.ke...4580-8uuqsez/index.html

Quote:
Coffee prices at the weekly Nairobi auction have risen 75 per cent since the first sale of the year following an increase in high quality beans.

The average price of a 50-kilo bag rose to a high of Sh38,784 in Tuesday’s auction from Sh22,119 in the first sale of this year.


@hardwood...bubudiu mbovu news NKT!!!.Which farmer is that, that should be smiling all the way to the bank? They have not paid above 150/= per kg in a long time and I don't expect it even if if they auctioned it at 2,000/= per kg. Poor farmer!!!



The middleman is always the happy man
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
hardwood
#5 Posted : Wednesday, December 05, 2018 6:07:01 PM
Rank: Elder


Joined: 7/28/2015
Posts: 7,904
Good news...

Kenyan coffee now fetches Sh30,000 per 50kg bag


https://www.businessdail...82002-37q4waz/index.html
2012
#6 Posted : Thursday, December 06, 2018 7:13:24 AM
Rank: Elder


Joined: 12/9/2009
Posts: 5,970
Location: Nairobi
[quote=hardwood]Good news...

Kenyan coffee now fetches Sh30,000 per 50kg bag


https://www.businessdail...2002-37q4waz/index.html[/quote]

What!!! Seriously good money!

What people think of you is none of your business. °😱
masukuma
#7 Posted : Thursday, December 06, 2018 12:20:42 PM
Rank: Elder


Joined: 10/4/2006
Posts: 12,941
Location: Nairobi
2012 wrote:
hardwood wrote:
Good news...

Kenyan coffee now fetches Sh30,000 per 50kg bag


https://www.businessdail...2002-37q4waz/index.html



What!!! Seriously good money!


I like doing back-of-the-envelope arithmetic sometimes and so KES 30,000 a bag is like $300 for a 50kgs bag. Star Bucks sells a cup for $1.85... lets say $2
I read that
Quote:
An industry standard dose for a coffee is 7 grams per serve. For a 1kg bag you could expect to get in the range of 120-140 cups depending on strength, double shots and wastage.


lets pick the lesser figure = 120 cups a kg * $2 a cup = $240 a KG i.e. to Star bucks a 50kg bag is worth around $12,000 i.e. 40 times the cost that we are selling it to them! I know I know... transport costs, taxes, labour costs, storage... blah blah blah!
I will let you decided how much of the remaining $11,700 a bag all these take and then tell yourself who is really celebrating about coffee having "Good Money".
All Mushrooms are edible! Some Mushroom are only edible ONCE!
2012
#8 Posted : Thursday, December 06, 2018 1:25:48 PM
Rank: Elder


Joined: 12/9/2009
Posts: 5,970
Location: Nairobi
masukuma wrote:
2012 wrote:
hardwood wrote:
Good news...

Kenyan coffee now fetches Sh30,000 per 50kg bag


https://www.businessdail...2002-37q4waz/index.html



What!!! Seriously good money!


I like doing back-of-the-envelope arithmetic sometimes and so KES 30,000 a bag is like $300 for a 50kgs bag. Star Bucks sells a cup for $1.85... lets say $2
I read that
Quote:
An industry standard dose for a coffee is 7 grams per serve. For a 1kg bag you could expect to get in the range of 120-140 cups depending on strength, double shots and wastage.


lets pick the lesser figure = 120 cups a kg * $2 a cup = $240 a KG i.e. to Star bucks a 50kg bag is worth around $12,000 i.e. 40 times the cost that we are selling it to them! I know I know... transport costs, taxes, labour costs, storage... blah blah blah!
I will let you decided how much of the remaining $11,700 a bag all these take and then tell yourself who is really celebrating about coffee having "Good Money".


I guess what you're saying here is that everyone is happy, right?

The biggest mistake they can make is try to add value to this gold locally. They don't have the expertise nor built trust unlike Starbucks. They should stick to what they know, farming, if someone wants to value-add, they can buy the raw product at market price and proceed.

What people think of you is none of your business. °😱
hardwood
#9 Posted : Thursday, December 06, 2018 3:27:18 PM
Rank: Elder


Joined: 7/28/2015
Posts: 7,904
Macadamia price also booming. Farmers minting millions as price hits 200 per kg. Money is literally growing on trees.

https://www.businessdail...825774-gbwx6x/index.html
masukuma
#10 Posted : Thursday, December 06, 2018 3:52:32 PM
Rank: Elder


Joined: 10/4/2006
Posts: 12,941
Location: Nairobi
2012 wrote:
masukuma wrote:
2012 wrote:
hardwood wrote:
Good news...

Kenyan coffee now fetches Sh30,000 per 50kg bag


https://www.businessdail...2002-37q4waz/index.html



What!!! Seriously good money!


I like doing back-of-the-envelope arithmetic sometimes and so KES 30,000 a bag is like $300 for a 50kgs bag. Star Bucks sells a cup for $1.85... lets say $2
I read that
Quote:
An industry standard dose for a coffee is 7 grams per serve. For a 1kg bag you could expect to get in the range of 120-140 cups depending on strength, double shots and wastage.


lets pick the lesser figure = 120 cups a kg * $2 a cup = $240 a KG i.e. to Star bucks a 50kg bag is worth around $12,000 i.e. 40 times the cost that we are selling it to them! I know I know... transport costs, taxes, labour costs, storage... blah blah blah!
I will let you decided how much of the remaining $11,700 a bag all these take and then tell yourself who is really celebrating about coffee having "Good Money".


I guess what you're saying here is that everyone is happy, right?


Happy - Yes! making "good money"? No! it's the same with Cocoa
All Mushrooms are edible! Some Mushroom are only edible ONCE!
freiks
#11 Posted : Thursday, December 06, 2018 3:54:09 PM
Rank: Veteran


Joined: 6/8/2010
Posts: 1,580
still maize farmers are complaining, they should smell the coffee
Life is an endless adventure
FRM2011
#12 Posted : Saturday, December 08, 2018 3:35:56 PM
Rank: Elder


Joined: 11/5/2010
Posts: 2,180
https://www.awmagazine.o...-brewers-america-crazy/

The above story aptly captures the sad predicament of coffee farmers in Kenya. Farmers from Nyeri have been winning the global award for the best tasting coffee year after year. Factories affiliated to Barichu have gotten used to foreign journalists coming to their villages to see where the high quality beans come from. And yet, for that high quality coffee, whose demand far outstrips the supply, the farmers received 97/- per Kg. Pathetic you may think until you learn they are the luckiest in the country.

The factory in my village paid farmers Kes. 28/- per Kg last season. Brokers have started trooping to my village to buy the berries straight from the farm @ 40/- per kg. Cash on the spot. The brokers then deliver these berries to factories affiliated to Barichu. After a few months, they will double their investment.

The villagers have invented a name for the practice; "mikohoro". The government insists the practice is illegal but it is fighting a losing battle thanks to the boda-bodas who ferry the berries. Almost half of the factories have closed down for lack of coffee to process.

On a positive note, I was in the village two weeks ago. The usual guys who are always trying to squeeze a drink from me were nowhere to be found. When they eventually showed up at the local pub, one bought me a drink. What is going on here ?? The barmaid whispered to me it is the "mikohoro" season. Everyone is loaded. But the local factory is quiet. KPLC disconnected the power a while back.

Good old capitalism always wins.
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