Financing woes impact Kenyan coffee auctions


	Financing woes impact Kenyan coffee auctions

BirdBarista

10-15-2008 9:36 AM

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/fbe744d8-da90-4273-92f5-a34145069ec9/9FF42D9C-1B05-440C-8646-3C64DFD83D15/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.bdafrica.com/index.php?option=com_content&task=view&id=10632&Itemid=5811" href="http://www.bdafrica.com/index.php?option=com_content&task=view&id=10632&Itemid=5811" style="font-size: 11px;">www.bdafrica.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.bdafrica.com/index.php?option=com_content&task=view&id=10632&Itemid=5811"><STRONG></STRONG>Prices of coffee are expected to remain on the low as leading traders continued to feel the pinch of restricted credit flows triggered by the current global economic turmoil.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.bdafrica.com/index.php?option=com_content&task=view&id=10632&Itemid=5811">He said the credit shortage caused by the financial crunch was also affecting producers, who are likely to be forced to reduce their expenditures on investment and maintenance, with a possible reduced supply in the medium term.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.bdafrica.com/index.php?option=com_content&task=view&id=10632&Itemid=5811">The Kenyan coffee industry has not been spared the pinch and prices have kept on a nosedive in the last two months, prompting officials of the weekly Nairobi Coffee Exchange (NCE) to try and appease disillusioned growers.</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/9FF42D9C-1B05-440C-8646-3C64DFD83D15/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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