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Kenya's Coffee Prices Drop for 3rd Week on Inferior Beans

Kenya coffee prices slumped for the third successive week in reaction to inferior beans and a bearish global market, the Nairobi Coffee Exchange said.

Average prices for all the coffee sold fell 4.5 percent to $148.79 for a 50-kilogram (110-pound) bag, from $155.73 a week earlier, the exchange said today by e-mail from Nairobi, the capital.