Week 24 2020

Tea market report 8 – 12 June 2020

Good demand in Mombasa which gradually eased towards close. On offer was 190,038 pkgs compared to last week’s  186,024 pkgs. Despite the sale having some 4k pkgs higher than last week, it met good absorption with initially 38k pkgs taken out (20%) compared to 46K (25%) last week. The sale was a two tier one where the Brokens and the PF1’s generally steady to easier while the PD/D1’s were firm to dearer. KTDA PF1’s were the biggest casualty of this week after meeting lacklustre demand from Pakistan.

“It takes nothing to join the crowd. It takes everything to stand alone.” – Hans F. Hansen