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THE STANDARD BUSINESS NEWS Tea farmers in Nyamira County ( PHOTO: Sammy Omingo) High production and a global oversupply have pushed down the average tea prices for factories managed by Kenya Tea Development Agency (KTDA) to Sh239.78 ($2.22) in the nine months to March 2021, a 12 per cent drop. The average price dropped from Sh272.16 ($2.52) for a similar period in the previous financial year while tea production dropped by 8.6 per cent. KTDA data shows factories processed 218.9 million kilos of tea compared to 239.6 million kilos a year earlier. KTDA prices over the same period have however been 17 per cent higher than the average Mombasa auction price for all teas - at Sh205.2 ($1.90). “The teas stuck in the global supply chain are still high and these are having an adverse effect on pricing,” said KTDA Management Services Managing Director Alfred Njagi. ....
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. ....