Tea market report 6 - 10 May 2019
In the Mombasa auction it becomes a tradition that smaller offerings tend to attract less demand. Tuesday’s auction was no exception. With ‘only’ 125K pkgs on offer, sale 19 opened initially to strong demand but this completely changed after a few catalogues witnessing reduced demand resulting in 25% unsold. All eyes are on the coming auctions to see if the tradition persists with 115K and 120K pkgs on offer in the coming 2 weeks. The rains in most tea growing areas are not as intense anymore as they were last week, they seem to have reached Mombasa.
"If you can’t be happy at the prospect of lunch, you are unlikely to be happy about anything.“ - Robert Johnson
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