Week 49, 2019

Tea market report 2 – 6 December 2019

In Mombasa, an overall easier market was witnessed with 165K pkgs on offer. The all average hammer price lost a few cents, ending at $2.07 and the final outlot figure ended at 14.27%. With only 2 more auctions it seems that private producers decided to offload their stocks as much as they could in sale 51. Before a 2-week break there will be 165K pkgs in week 50 and 176K pgks in week 51 on offer. The first auction of 2020 will start on January 7^th with a total of 178K pgks. With the weather conducive for growing, crop levels remain seasonally high which is likely to result in increased auction offerings.

“The best revenge is massive success.“  — Frank Sinatra