Week 06, 2020

Tea market report 03 – 07 February 2020

In Kenya, the fifth auction of the year witnesses another mammoth sale, with a total of 212’580 packages on offer, only 199 packages short of last week’s all-time record. Despite the huge volumes that have been offered over the last couple of weeks, absorption remained good with just less than 15% outlots. Despite the good demand, an overall easier trend was seen across all categories by virtue of the huge quantum of tea, but the drop was gradual and not a freefall which some had been anticipating. As a consequence, the all average hammer price decreased by 4usc and settled at $2.08.

“Light travels faster than sound. This is why some people appear bright until you hear them speak.“  — Alan Dundes

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