Agriculture Cabinet Secretary Mwangi Kiunjuri. FILE PHOTO | NMG
Summary
- The auction is expected to expand to cover other coffee growing counties, allowing traders from across East Africa to follow sale proceedings on screens.
- Unlike at the present when market reports have to be generated and sent by e-mail long after the auction, farmers, buyers, marketing agents and government officials will obtain instant reports from the system.
Farmers are set to follow the sale of their produce in real time
after the Nairobi Coffee Exchange (NCE) automated its auction system.
The
auction, which has so far gone live in Kipkelion and Nyeri, is expected
to expand to cover other coffee growing counties, allowing traders from
across East Africa to follow sale proceedings on screens.
“The
regional screens will create transparency and openness on how coffee is
sold at the auction, increase confidence of coffee owners and demystify
the auction process,” said Agriculture Cabinet Secretary Mwangi
Kiunjuri during the system launch.
Unlike at the
present when market reports have to be generated and sent by e-mail long
after the auction, farmers, buyers, marketing agents and government
officials will obtain instant reports from the system.
The process of upgrading the system began in 2014 after
stakeholders pushed to be allowed to follow live sale proceedings.
According to NCE, the new system will also allow dealers from all over
the world to trade in the commodity without making a physical presence
at the auction.
Kenya
exports about 95 per cent of its coffee. Mr Kiunjuri also officiated at
the launch of the Kenya Coffee Platform, an initiative that brings
value chain players together to develop a common approach and strategy
to address issues affecting the industry.
The
initiative will facilitate dialogue through creation of an inclusive and
participatory national platform that represents all coffee
stakeholders.
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