Business

Tea Auction Records Slight Increase in Prices

The weekly Mombasa Tea Auction held on 4th, 5th, and 6th April 2022 had 12.7 million kilograms of tea offered for sale. The amount on offer decreased from 13.4 million kilograms during the previous sale, and 12.6 million kilograms during a similar period last year.

Of all the tea offered for sale, 11.5 million kilograms were sold, compared to 11.8 million kilograms during the previous sale, and to 11.1 million kilograms sold during the same period last year.

The tea auction recorded a slight increase in prices, with a kilogram selling at an average price of $2.38, compared to $2.36 during the previous sale held on 28th, 29th, and 30th March 2022, and $1.82 during the same period last year.

Image Courtesy; Africa Tea Brokers

See Also:

Limuru Tea Plc Posts Net Loss of KSh 9.6Million


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