Week 38 2021
Tea market report 20 – 24 September 2021
While auction quantities are slowly creeping up, this week’s Mombasa auction met improved demand. The 123,777 pkgs on offer experienced improved absorption with 22% outlots versus 26% in the foregoing week. The all-average hammer price also gained 6cts to USD 2.10h. EoR BP1s traded irregularly firm to 15cts dearer, where Kazak and Sudan buyers seemed to be especially hungry for tea. Below Best BP1s traded irregularly steady to easier with poor quality types taken out. Good mediums traded irregularly firm to 4cts dearer. Medium types traded irregularly firm and plainer types traded steady to 5cts easier.
“Middle age is when you’re sitting at home on a Saturday night and the telephone rings and you hope it isn’t for you.” – Ogden Nash
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