Week 30 2020
Tea market report 20 July – 24 July 2020
Again a large 179k packages came under the virtual hammer in Mombasa this week. All 3 sub auctions (M1, M2 & S1) met improved demand at generally firm to dearer rates except PD & D1s. The all average hammer price increased by 1usc. EoR BP1s gained up to 20cts, below best traded 10cts dearer, good medium gained 10-20 cents, medium 5-15cts while the plainer end traded firm up to 6cts dearer. Best flavory lots met interest from Khazak & Sudan buyers, the West of Rift types met good demand from Pakistan. Medium and plainer types sold well to Sudan and local packers.
“And as long as people have problems, the blues can never die.”– B.B. King
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