Tea Auction Records a Stagnation in Prices

The weekly Mombasa Tea Auction held on the 22nd and 23rd June 2020 recorded 12.9 million kilograms offered for sale. The amount of tea on offer recorded an increase from 10.2 million kilograms offered for sale during the same period last year, and a decrease from  13.4 million kilograms in the last week

Of all the tea offered for sale, 11.7 million kilograms were sold compared to 8 million kilograms sold in the same period in 2019 and 10.7 million kilograms in the previous sale.

The sale recorded a stagnation in prices, with a kilogram selling at an average price of $1.78, similar to the previous auction, held on the 8th and 9th of June 2020, and $1.87 for the same period last year.

Tea Auction Brokers to Retain KSh1.4 Billion Fixing Fees

Proposed Tax to Hit Brokers in Stocks, Insurance, Tea & Coffee Auctions