WEEK 17, 2019

Tea market report 22 – 26 April 2019

The smallest auction of 2019 so far in Mombasa attracted very strong demand. In contrast to the previous auctions, it was a real sellers’ market where all grades on offer were appreciated. The trigger for this strong demand is likely caused by the sharp drop in the closing of week 19, 125K pkgs. Sale 20 has closed at 115K pkgs which is almost a difference of 50K compared to next week’s auction. This all combined with the previous unusual dry weather. Finally, the long-expected rains …

“A sick thought can devour the body’s flesh more than fever or consumption.” – Guy de Maupassant

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