Average tea prices at the weekly Mombasa auction slid this week to fetch the lowest price so far this year. Average tea auction prices during the year (2020) shed some six per cent compared to the previous year, as high production and a depressed market occasioned by the pandemic affected demand. Oversupply of tea at the auction affected prices in the second half of last year, according to the Kenya Tea Development Agency. The volumes dropped marginally by 0.7 per cent to 615 million kilos , compared to 619.5 million kilos recorded during the same period in 2019. The Mombasa Tea Auction is one of the largest in the world where teas from Kenya, Uganda, Rwanda, Tanzania, Malawi, Ethiopia and the Democratic Republic of Congo are traded.

Source: The Star March 26, 2021 09:04 UTC