Prices Slump at Tea Auction Despite High Volumes

The weekly Mombasa Tea Auction held on 8th, 9th, and 10th November 2021 had 12.1 million kilograms of tea offered for sale. The amount on offer increased from 10 million kilograms during the previous sale, and from 9.9 million kilograms during a similar period last year.

Of all the tea offered for sale, 10.5 million kilograms were sold compared to 9.1 million kilograms for the same period last year, and 8.5 million kilograms during the previous sale.

The tea auction recorded a decrease in prices, with a kilogram selling at an average price of $2.19, compared to $2.21 during the previous sale held on 1st, 2nd, and 3rd November 2021, and $1.90 during the same period last year.

The Auctions are held weekly, on Mondays and Tuesdays. There is presently, a main grades auction held on Tuesdays and secondary grades auction held on Mondays from 9.00 am.The variety of quality and progressively increased quantities offered have made Mombasa the second largest black tea auction centre in the world after Colombo in Sri-Lanka. 

Presently there are offerings from Kenya, Uganda, Tanzania, Rwanda, Burundi, Democratic Republic of Congo, Malawi, Madagascar,Mozambique and Ethiopia. Mombasa is now the only auction centre in the world trading in straight-line teas from more than one country. 

See Also:

Weekly Coffee Auction Records an Increase in Prices