Week 05, 2020

Tea market report 27 – 31 January 2020

In Kenya, the fourth auction of the year represents the largest auction since records began. There was a total of 212’779 packages on offer and it was met with good general demand and impressive absorption, despite the bearish trend echoed before the sale. The auction closed with 11.4% out lots compared to 6.3% the previous week and the all average hammer price only shed 6usc, to close at $2.12, which is remarkable considering the colossal quantum of tea on offer. Additionally, the December crop figure was released at 50.65 million kilos, meaning the year ended with a total of 458 million kilos, …

“Heroes come and go, but legends are forever . It really annoys negative people.“  — Kobe Bryant

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