Weekly market report

Week 47, 2021

Week 47 2021

Tea market report 22 – 26 November 2021

For the second consecutive week, Mombasa experienced a strong market with improved absorption and an increasing all average hammer price (+16usc to USD 2.44). KTDA EoR BP1s met strong demand at 10-20ct dearer rates. There was improved demand for WoR BP1s, selling at firm to 3cts dearer levels. Medium BP1s traded irregularly steady to easier meeting reduced demand. The plainer BP1s followed a similar trend. KTDA EoR PF1 was the type which was most looked after, gaining 15-25cts. Pakistan packers were dominant while also Bazaar buyers had strong appetite for these types.

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