Week 04, 2020

Tea market report 20 – 24 January 2020

In Kenya, the third auction of the year saw improved general demand for the 173’000 packages on offer, with an impressive 6.8% outlots compared to 15.8% the previous week. Despite the huge quantities of tea on the horizon, it seems the buyers were not deterred and there was interest across all grades, whereby PF1’s enjoyed almost 100% absorption. The next two auctions quantities are the biggest that we have ever seen in Mombasa,  and it will be no surprise if we see the strong demand start to ease in light of the colossal quantum of tea.

“Be happy. It really annoys negative people.“  — Ricky Gervais