Week 03, 2020

Tea market report 13 – 17 January 2020

In Kenya, the second auction of the year closed to reduced and irregular demand with 15.8% outlots compared to 12.1% of the previous week. With the news of a mammoth 212’779 packages on offer in the 4^th auction of the year, it is no surprise many buyers were purchasing cautiously. As a result, the all average hammer price shed 4usc and fell to $2.18, for the 175’264 packages on offer.  In Malawi, the auction this week had a much-improved absorption rate of 59.52% compared to 0% of the previous week, …

“You have to think anyway, so why not think big?“  — Donald Trump