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040			_cKE-NaSUL _dKE-NaSUL
090			_c36816 _d36811
100			_aKathuri, Benson
245			_aProposal to abolish auctions alarms coffee, tea traders _cBenson Kathuri and Patrick Mathangani
260			_aNairobi _bThe Standard Group _cTuesday, June 2, 2009
300			_ap.15 [The Financial Journal] The Standard, June 2, 2009;
440			_aFinancial Journal
520			_aA major showdown is looming between the Ministry of Agriculture and traders of coffee and tea over the proposal to close auctions in December. The traders have vowed to resist any attempt by the ministry to scrap the auctions in Nairobi and Mombasa, arguing that they are private entities and not state agencies. Mr. Ruto says that coffee and tea auctions will be disbanded by December because they are being used as a conduit to exploit farmers. The move, he says, will create wealth, encourage farmers to take care of their crops as well as create employment. The 53 year old Mombasa Tea Auction is the largest in the word that sells tea produced in East, South and Central Africa regions. Coffee production has been on a decline despite improved prices in global market due to high cost of production and corruption in local coffee and cooperative societies. there is suspicion that some buyers have formed cartels to fix the prices at the auctions, but farmers are poorly represented.
650			_aTea Auctions -- Kenya _962565
650			_aCoffee Auctions -- Kenya _962566
650			_aAgroeconomy -- Kenya _962567
700			_aMathangani, Patrick _962568
942			_cART _xRG
999			_c36816 _d36811