Coffee Prices have been sliced to Frw 143/Kg from Frw 170/Kg of coffee cherries.
The announcement was made by National Agricultural Export Board (NAEB) saying it was a responce to the declining coffee prices on the global market.
Celestin Gatarayiha in charge of Coffee division at the National Agricultural Export Board told local daily, “We cannot control international prices for coffee, but we hope it will not drop further.”
He added, “with the new farm gate price, farmers will have a Rwf63 profit per kilogramme of coffee cherries sold, assuming they incur Rwf80 to produce each kilogramme of coffee.”
NAEB also said the price was agreed on during a recent meeting with over 150 stakeholders, including farmers, banks and exporters.
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