Week 24 2021

Tea market report 14 – 18 June 2021

In Mombasa, there was fair demand in the auction this week with teas selling at easier levels across the board. The easier market can partially be attributed to the large closing total of 205k packages for sale 26. However, this week there was 185k packages on offer with outlots standing at 13% compared to 15% percent last week. The all average hammer dropped a significant 8usc to close at $1.74. Best EoR BP1 met improved demand at irregularly steady to easier rates.The below best met good demand at irregularly steady to easier rates and selected quality types were steady.

“Only the mediocre are always at their best.” – Jean Giraudoux