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Tea Auction Prices Finally Cross the 2-Dollar Mark

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The weekly Mombasa Tea Auction held on 23rd and 24th August 2021 had 8.4 million kilograms of tea offered for sale. The amount on offer decreased from 8.9 million kilograms for the same period last year, and from 8.8 million kilograms offered during the previous sale.

Of all the tea offered for sale, 6.47 million kilograms were sold, compared to 7.4 million kilograms for the same period last year, and 6.5 million kilograms sold during the previous sale.

The tea auction recorded a slight increase in prices, with a kilogram selling at an average price of $2.04, compared to $1.96 during the previous sale held on 16th and 17th August 2021.

Image Courtesy: Africa Tea Brokers

See Also:

Limuru Tea Plc Cuts H1 Net Loss to KSh8.6 Million

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