Tea market report 15 - 19 January 2018
The largest auction of the year took place in Mombasa this week at 179k packages, which was met with good overall demand; less than 10% of teas were withdrawn. PF1’s were the highlight of the show, generally gaining around 10cts, other teas met irregular rates. Auction quantities begin to decrease in the coming weeks, remaining over 160k in the next two weeks, then dropping to 154k.
“Nothing is permanent in this wicked world - not even our troubles." - Charlie Chaplin
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