Tea prices this week fell to the lowest mark this year at the Mombasa auction, as demand for the commodity recorded mixed performances in the export markets. A kilo averaged $1.73 (Sh185.28), down from $1.81 (Sh193.85 ) last week, amid an increase in volumes traded at the weekly auction. The volumes traded went up to above 10 million kilos compared to 9.7 million kilos last week. “The total volume traded for Sale 27 was 318,729 Kilos more than Sale 26,” the East African Tea Trade Association (EATTA) says in its weekly report. Out of 192,080 packages (12,649,027.50 kilos) available for sale, 151,741 packages (10,011,700 kgs) were sold.

Source: The Star July 10, 2020 17:37 UTC