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Tea prices drop marginally as global supplies increase
Monday May 10 2021
By GERALD ANDAE
Summary
Tea prices at the Mombasa auction declined marginally during last week’s sale, interrupting a rally from the previous trading after seven weeks of subdued earnings.
Data by the East Africa Tea Traders Association (Eatta), which runs the auction shows that the price of the commodity declined to Sh198 last week from Sh200 in the previous sale.
Tea prices at the Mombasa auction declined marginally during last week’s sale, interrupting a rally from the previous trading after seven weeks of subdued earnings.
Data by the East Africa Tea Traders Association (Eatta), which runs the auction shows that the price of the commodity declined to Sh198 last week from Sh200 in the previous sale.
UAE topples UK as third largest buyer of Kenyan tea
Tuesday May 04 2021
By GERALD ANDAE
The United Arab Emirates (UAE) overtook the United Kingdom (UK) as the third-largest buyer of Kenyan tea in February, underling the Covid-related upheavals of key target markets.
The Tea Directorate data shows that buyers in the UAE snapped up 4.22 million kilogrammes of Kenyan tea in February, toppling the UK as the traditional third-largest buyer of Kenya’s produce.
Consumers in the UK bought 4.2 million kilos of Kenyan tea in February relegating it to the fourth-largest buyer amid stringent restrictions imposed by its government to curb the spread of coronavirus.
Rwanda tea prices edge out Kenya’s on quality
Monday May 03 2021
By GERALD ANDAE
Rwanda’s tea continues to sell at a premium at the Mombasa auction, outdoing price offers on Kenya’s produce as international buyers stay choosy on quality.
Market data from the auction indicates the price of Rwandan tea stood at Sh272 a kilo in the sale held last week against Kenya’s Sh206 for the same quantity.
Rwanda has often led when it comes to the best tea, fetching high price compared with others from the region.
“There are specific attributes, including quality, which buyers look at when they are buying tea at the auction and that is what normally informs the price of a given produce,” said a tea broker at the auction.
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