Friday, 9 May 2014 00:00
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Reuters: The highest price for top grade Kenyan tea was almost unchanged at $3.04 per kg at this week’s auction, compared with $3.05 per kg at last week’s sale, Tea Brokers East Africa said on Tuesday.
Kenya is the world’s leading exporter of black tea. The crop is a top foreign exchange earner for east Africa’s largest economy, together with horticulture and tourism.
Prices for Best Broken Pekoe Ones (BP1s) fetched $2.15-$3.04 per kg at the sale held on Monday and Tuesday, compared with $2.30-$3.05 per kg last week.
Best Brighter Pekoe Fanning Ones (PF1s) sold at $2.18-$2.72 per kg compared with $2.12-$2.56 per kg at the last sale.
Tea Brokers said 13.8% of the 138,901 packages on offer were not sold.
The bulk 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.
