“Anything below two dollars is not good,” the East African Tea Trade Association (EATTA) managing director Edward Mudibo told the Star. EATTA hosts and manages the Mombasa Tea Auction, one of the largest in the world where tea from Kenya, Uganda, Rwanda, Tanzania, Malawi, Ethiopia, and DR Congo is traded. The increase in price however comes as traded volumes drop where this week, a total of 6.6 million kilos were traded, about 1.4 million kilos from last weeks 7.2 million kilos. The volumes were at eight million and 9.3 million kilos in the two preceding weeks, respectively. “Out of 135,583 packages (8,929,677 kilos) available for sale, 100,161 packages (6,631,499 kilos) were sold.

Source: The Star August 29, 2020 10:40 UTC