WEEK 20, 2017

Tea market report 15-19 May 2017

The Mombasa auction met good demand at dearer rates with 134,729 packages on offer, up from 132,000 packages the previous week. More players were active with many overseas representatives present for the tea convention. Prices went up and buyers were active at all levels. Auction quantity figures continue to recover from early drought induced shortages, with levels now ahead of 2015.

“Someone’s sitting in the shade today because someone planted a tree a long time ago.” – Warren Buffet

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