Home ECONOMY Tea Auction Records Drastic Fall in Prices

Tea Auction Records Drastic Fall in Prices

by biasharadigest

The weekly Mombasa Tea Auction held on 7th, 8th, 9th, and 10th June 2021 had 12.8 million kilograms of tea offered for sale. The amount on offer increased from 12.5 million kilograms for the same period last year, but decreased from 12.9 million kilograms offered during the previous sale.

Of all the tea offered for sale, 11 million kilograms were sold, compared to 10.5 million kilograms for the same period last year, and 11.4 million kilograms during the previous sale.

The tea auction recorded a sharp decrease in prices, with a kilogram selling at an average price of $1.81, compared to $1.86 during the previous sale held on 31st May and 2nd June 2021, but increased from $1.77 during the same period last year.

Tea Auction Prices
Image Courtesy; Africa Tea Brokers

See Also:

Williamson Tea Projects More than 25% Drop in Full-Year Net Profit

Related Posts

Leave a Comment