Week 23 2020

Tea market report 1 – 5 June 2020

This week’s published Kenya April crop figure showed us that another year record crop is in the making. With 49 mln kgs vs 23.5 mln kgs in April 2019, crop more than doubled. Bringing YTD crop to 208 mln kgs vs 132 mln kg in 2019, a 50% higher crop than last year. All published after this week’s auction. Auction quantities have been very high, weather conditions have been very favourable and therefore this number shouldn’t come as a surprise. Taking one step back, this week’s Mombasa auction experienced a lively opening but lost steam towards the close with increased outlots (25%).

“A winner is a dreamer who never gives up.” – Nelson Mandela