Tea market report 12 - 16 June 2017
The Mombasa auction experienced a correction this week, with reduced activity and most teas easing except BP1s. The correction comes after the previous auction experienced notable gains and resulted in the third largest quantity of out-lots on the year. EoR BP1s again were an outlier amongst the general Mombasa market trends, this week they gain, while the other grades eased, driven by reduced buying activities across the board, notably from Egypt and UK.
"When one door is closed, don't you know, another is open" - Bob Marley
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