Week 15 2021
Tea market report 12 – 16 April 2021
In Mombasa, the auction witnessed improved demand, which saw most segments recover from the losses of previous weeks. The all avg hammer gained 2usc to close at $1.84 with a total of 32k outlots. Best EoR BP1 sold at irregularly steady to easier rates, with selected lots tending firm, thanks to good demand from Kazakh buyers. Below best broken’s also eased. WoR BP1 opened easier but gained during the sale. Medium BP1’s were irregularly steady to easier. Plainer BP1’s were irregularly firm following quality and poorer types sold at easier rates with selective demand. EoR PF1’s gained and sold at dearer rates, thanks to strong support from the Bazar who had been sitting on the fence in previous weeks.
“The man who invented the red carpet needed his head examined.” – Prince Philip Duke of Edinburgh
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