Munya tables new rules for tea sectorAgriculture Cabinet Secretary Peter Munya says all tea buyers will submit a bank guarantee equivalent to 10 per cent of the estimated value to underwrite commercial risks. He said the tea sector is undermined by the manipulation and predatory behaviour of some actors in the value chain. Mr Munya also announced that the government plans to undertake a study to evaluate the impact of the Kenya Tea Development Agency's (KTDA) commercial behaviour, including on earnings to smallholders. He said a major problem facing the tea value chain is a "dysfunctional and inefficient auction system" characterised by a lack of transparency, accountability and competition. All registered tea auction organisers will also be required to establish an electronic trading platform.

Source: Standard Digital April 16, 2020 23:03 UTC