Kapchorua Tea has hinted on plans to lay off part of its workforce in efforts to reduce operation cost. This also coupled by lower prices fetched during the period as a result of the market forces of supply and demand. In February, tea prices fell within a week trading at Sh206 per kilogram during Mombasa auction sale from Sh208. This was 28.2 per cent decline from Sh287 sold similar period last year. The average price of tea as provided by Kenya Tea Development Authority in the six months to December 2018 dropped to Sh271 a kilo compared to Sh327 same period in 2017 due to high volumes.

Source: The Star March 28, 2019 14:37 UTC