The Premier International Exhibition for the Food, Drink and Hospitality Industry in Kenya

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The Premier International Exhibition for the Food, Drink and Hospitality Industry in Kenya

TEA TRADERS OFFLOAD RECORD VOLUMES AS PRICE KEEPS FALLING. image

TEA TRADERS OFFLOAD RECORD VOLUMES AS PRICE KEEPS FALLING.

POSTED: 3rd Apr

Traders offloaded record high volumes of tea at the Mombasa auction last week as the price dipped marginally to the lowest value witnessed since the beginning of the year.

Data from East African Tea Traders Association (Eatta) indicated out of 12.5 million kilos offered for sale in Mombasa, only 9.03 million were sold in a week that saw the market interrupted briefly by the news of closure that delayed the auction by a day.

About 4.4 million kilos, representing 28 percent of the total volumes were withdrawn from the auction floor, marking the highest quantities to have been pulled out in the last one year.

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