Weekly market report

Week 42, 2020

Week 42 2020

Tea market report 12 – 16 October 2020

Another 2-day auction took place in Mombasa this week and despite good general demand, the all average hammer price lost 3cts. EoR BP1s met reduced interest from their usual buyers from Kazakhstan and Sudan. While WoR BP1s met good demand at irregular rates. Mediums traded steady to easier and plainer types eased 3-7cts. The very best EoR PF1s moved firm to slightly dearer while others eased. There was unusual absorption from a Pakistan packer while also other Pakistan buyers provided useful support.

“They say marriages are made in Heaven. But so is thunder and lightning.” – Clint Eastwood

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