Week 21, 2023

Tea market report 22- 26 May 2023

In Mombasa, the 2nd largest auction so far this year took place this week. The 246k packages on offer met fair demand at irregularly steady to easier rates. Nevertheless, absorption improved (93k pkgs outlots vs 97k) while also the all-average hammer price increased by 1usc to USD 2.08 per kg

“Life is like riding a bicycle. To keep your balance, you must keep moving.” — Albert Einstein