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Munya orders inquiry into Kenyan tea price plunge PATRICK ALUSHULA Agriculture Cabinet secretary Peter Munya is reading malice in the deteriorating value of the Kenyan tea at the weekly auction, disputing the official explanation of a glut in the market and low demand from overseas buyers. The Mombasa Tea Auction and the multinational firms say the current lower tea prices have been occasioned by a sharp decline in demand from buyers, resulting in a glut. However, Mr Munya said the sharp price decline was unusual. However, he did not specify who he suspects of interference, adding that the ministry is following up on the issue, especially with the Kenya Tea Development Agency that accounts for more than half of the total beverage at the auction. He argued that there is no glut from the world’s major producers. Tea prices last week touched a decade low in what is now worrying stakeholders in the sector. The value of the beverage has performed poorly in the past t

Peter munyaEdward mudiboApollo kiariiKenya tea development agencyAfrican tea traders associationKenya tea growers associationAgriculture cabinetMombasa tea auctionEast african tea traders associationகேந்ய தேநீர் விவசாயிகள் சங்கம்மாஂபாஸ தேநீர் ஏலம்