Week 08, 2020

Tea market report 17 – 21 February 2020

In Kenya, the seventh auction of the year saw the total packages on offer rise again, with 202’559 packages on offer, up from 189’950 the previous week. The absorption rate was marginally improved, with 11% of teas remaining unsold, compared to 12% last week. Despite, the continuous large offerings since the new year, there remains good demand in the market, with the all average hammer price only dropping 3usc to settle at $2.00. On another point, there are reports that desert locusts have swarmed some teas plantations in Nyeri, …

“Remember, today is the tomorrow you worried about yesterday.“  — Dale Carnegie