THE NEXT FRONTIER: Coffee farmers protest against trade middlemen
124 views · Published 30 April 2018 · 7:33 · Indexed 25 September 2026
Channel: KTN News Kenya · 2018 · News & Politics
Six giant European companies control the multi-billion shilling coffee business in Kenya, raising concerns about possible price manipulation. With coffee prices at the auction only a fraction of the market prices - which hurts farmers - the Government has recommended the formation of a coffee pricing committee. However, the proposal is being fought by what the Government has termed forces that have long benefited from the over-regulated market. Through various subsidiaries, the six companies have seized control of the value chain of the prized bean from the farm to the consumer’s table. The firms collectively bought around 70 per cent of the beans, worth Sh16 billion, sold through the Nairobi Coffee Exchange for the financial year ended September 30. Analysis of past trading data confirms the dominance was worse in earlier years, dating back to colonial times. Read more at: https://www.standardmedia.co.ke/business/article/2001277882/how-foreigners-control-coffee-trade-to-farmers-disadvantage SUBSCRIBE to our YouTube channel for more great videos: https://www.youtube.com/ Follow us on Twitter: https://twitter.com/KTNNews Like us on Facebook: https://www.facebook.com/KTNNewsKenya For more great content go to http://www.standardmedia.co.ke/ktnnews and download our apps: http://std.co.ke/apps/#android KTN News is a leading 24-hour TV channel in Eastern Africa with its headquarters located along Mombasa Road, at Standard Group Centre. This is the most authoritative news channel in Kenya and beyond.
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