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The production of Arabica coffee in Kenya is expected to grow 15.4% in season 2013/14 started in October, to 45 000 tonnes, designed this Wednesday the manager of the Board of coffee country, Enosh Akuma. In the previous cycle, the African nation produced 39 000 tonnes of product.
"We're optimistic. We will finish this estimate," he said. "Prices (of coffee) are stabilizing now and hopefully they will improve over 2013/14," he added, noting that in 2012/13 the initial forecast of 54,000 tons, did not materialize due to the fall in prices of the commodity. Kenya follows the prices on the New York Stock Exchange (ICE Futures U.S.).
Virtually all coffee produced in Kenya is exported to the European Union, United States, Middle East, Canada and South Korea. Although the country produces much less than Brazil or Vietnam, varieties of Kenyan coffee are considered special.
Kenya came to produce a peak of nearly 130,000 tonnes in 1987/88, but since then production has declined due to disease, mismanagement and corruption of crops.
Source: Dow Jones