Week 26 2020

Tea market report 22 – 26 June 2020

Another almost 200k packages came under the hammer in Mombasa this week. After so many of these large auctions in a row, it starts to feel normal, while it is a very large amount of tea every week. Good demand led to reduced outlots (34k, 17%). BP1s met good demand from Sudan and Kazak buyers, with mostly firm to dearer rates, up to 20cts for the plainer types. PF1s met fair demand in the room but almost all outlots were absorbed by the Pakistan buyers before the end of the day.

“Change happens by listening and then starting a dialogue with the people who are doing something you don’t believe is right.” – Jane Goodall