Tea prices at the weekly Mombasa auction have hit a historic low, even as government continues to push for reforms in the sector. The continued low prices come amid government's push for reforms in the sector, including changes at the Kenya Tea Development Agency(KTDA). Oversupply at the Mombasa tea auction has been blamed for the low prices. The Mombasa Tea Auction is one of the largest in the world where teas from Uganda, Rwanda, Tanzania, Malawi, Ethiopia and the Democratic Republic of Congo are also traded. Last year, average tea auction prices fell by six per cent compared to the previous year, blamed on the high production and a depressed market occasioned by the Covid-19 pandemic.

Source: The Star July 16, 2021 12:56 UTC