Week 21 2020
Tea market report 18 – 22 May 2020
This week’s Mombasa auction again brought us a generally easier market. Only the best categories of each grade seem to manage firm to dearer rates. A fair 24k packages came out, all leading to a 4cts lower all average hammer price. BP1s best traded firm to dearer, below best steady to easier, Rwanda types up to 65cts (!) easier and more for the high-priced lots, good medium types lost as did plainer types. Kazakh buyers were less active while Sudan buyers were selective. PF1s best steady to firm, but all other categories lost.
“We don’t make mistakes, just happy little accidents.” – Bob Ross
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