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Reprieve as Weekly Tea Auction Continues to Record an Increase in Prices

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The weekly Mombasa Tea Auction held on 2nd, 3rd, and 4th August 2021 had 12 million kilograms of tea offered for sale. The amount on offer increased from 11.4 million kilograms for the same period last year, and from 10.8 million kilograms offered during the previous sale.

Of all the tea offered for sale, 10.4 million kilograms were sold, compared to 10.3 million kilograms for the same period last year, and 9.3 million kilograms sold during the previous sale.

The tea auction continued to record an increase in prices, with a kilogram selling at an average price of $1.95, compared to $1.86 during the previous sale held on 26th, 27th, and 28th July 2021, and $1.85 during the same period last year.

Image Courtesy: Africa Tea Brokers

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Williamson Tea to Pay KSh175 Million Dividend Despite Posting KSh146 Million Net Loss

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