Tea market report 29 May - 2 June 2017
The Mombasa auction met increased demand at firm to dearer rates with 131,876 packages on offer, an expected outcome amidst the start of Ramadan and a bullish outlook with the end of the season in sight. April crop figures are in, down 6 m.kg from 2016 at 31.45 m.kg, but on par with the 2011-2016 average of 31.6 m.kg. Recent increased precipitation and forecasts for continued precipitation look to support crop levels in the coming weeks.
"I think it's very important to have a feedback loop, where you're constantly thinking about what you've done and how you could be doing it better." - Elon Musk
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