Week 09 2020
Tea market report 24 – 28 February 2020
Good general demand prevailed in this week’s Mombasa auction. Despite the 3rd largest auction quantity in the history of the Mombasa auction with 208k packages on offer, demand remained buoyant and only slightly tapered towards the close. Most BP1s traded firm up to 20cts dearer, especially Rwandan BP1s gained 30 to 70usc on the back of demand from Kazakh buyers. Less well-made types were an appetite for Pakistan packers & Sudanese buyers.
“People are strange …“ — Jim Morrison
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