Tea market report 13 - 17 November 2017
A reduced amount of 138k packages was on offer in this week’s Mombasa auction. Despite the healthy auction quantities ahead, most teas were readily absorbed and 10% came out. The auction opened soft, but demand improved towards the close. The weather conditions are favourable with improving growing conditions in all tea growing areas, resulting in decent auction quantities. We can consider the 167k packages on offer in week 49 again as a record.
“Change Before You Have To." - Jack Welch
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