Thursday, 12 September 2013 00:00
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Reuters: The average price of Kenya’s top grade Broken Pekoe Ones tea eased to $3.82 per kg at this week’s auction from $3.90 per kg last week, Africa Tea Brokers (ATB) said on Tuesday.
Kenya is the world’s top black tea exporter and tea is a leading foreign exchange earner in east Africa’s largest economy.
ATB said Best Broke Pekoe Ones sold at $3.54-$4.10 per kg, from $3.70-$4.10 per kg last week.
Brighter Pekoe Fanning Ones (PF1s) fetched $274-$210 per kg, compared with $2.18-$2.80 per kg a week ago.
ATB said 115,741 packages were offered for sale, with 21.38% of them remaining unsold.
Last week, 118,479 packages were offered for sale, with 29.4% of them unsold.
