Kenyan tea price slips at auction
Michael Chen
Senior Web Developer
The highest price for top grade Kenyan tea fell to $3.00 per kg at this week's sale from $3.20 per kg last week, Tea Brokers East Africa said on Wednesday. Kenya is the leading world exporter of black tea and the crop is a major foreign exchange earner for east Africa's largest economy, together with horticulture and tourism.
Prices for Best Broken Pekoe Ones (BP1s) fetched $2.45-$3.00 per kg compared with $2.65-$3.20 per kg last week, Tea Brokers said in a statement. Best Brighter Pekoe Fanning Ones (PF1s) sold at $2.15-$2.60 from $2.28-$2.67 per kg at the last sale. Tea Brokers said 16.47 percent of the 130,808 packages, or 8.42 million kg, of tea offered was left unsold. Last week, 16.57 percent of the 140,994 packages weighing 9.1 million kg offered were left unsold. Demand was strongest from Pakistan, Yemen, other Middle Eastern countries and Sudan.
Most of the tea offered at the Mombasa auction is from Kenya, but it also sells tea from Uganda, Tanzania, Rwanda, Burundi and other regional producers. Kenya's tea output and export earnings rose last year, helped by good weather and by sales to new markets, which cushioned its sector from a drop in world prices. The Tea Board of Kenya said earnings rose 2 percent to 114.4 billion shillings ($1.3 billion), while total output jumped 17 percent to a record 432.4 million kg.
Source: brecorder.com/agriculture-a-allied/183/1170067/
Sarah Williams
February 13, 2025Proin iaculis purus consequat sem cure digni ssim donec porttitora entum suscipit rhoncus. Accusantium quam, ultricies eget id, aliquam eget nibh et. Maecen aliquam, risus at semper.
James Cooper
February 13, 2025Quisque ut nisi. Donec mi odio, faucibus at, scelerisque quis, convallis in, nisi. Suspendisse non nisl sit amet velit hendrerit rutrum. Ut leo. Ut a nisl id ante tempus hendrerit.
Rachel Adams
February 13, 2025Vivamus elementum semper nisi. Aenean vulputate eleifend tellus. Aenean leo ligula, porttitor eu, consequat vitae, eleifend ac, enim.