Average tea auction prices shed some six per cent this year compared too last year, as high production and depressed market occasioned by Covid-19 affected the commodity. About 17.2 per cent of teas availed for sale this year remained unsold compared to 16.5 per cent last year. The total volume traded last week was however 527, 874 kilos more than the previous sale, market data by the East African Tea Trade Association (EATTA) indicates. Kenya Tea Development Agency (KTDA) Holdings announced green leaf production by its affiliate factories grew by 28.5 per cent for the year ended June 30, 2020. The 54 tea factory companies managed by the KTDA in October released Sh27.62 billion, being the final payment, popularly known as “bonus”, to tea farmers.

Source: The Star December 30, 2020 08:48 UTC