Week 27 2020

Tea market report 29 June – 3 July 2020

Yet another very large auction in Mombasa with almost 190K pkgs on offer. The market opened to good general demand with an improved absorption rate across all grades on offer with an outlot figure of 43K pkgs. At the end of the day the all Avg Hammer gained 3cts to close at $1.81h. BP1’s attracted good demand, EoR improved and better WoR was firm to dearer while the poorer types were easier and neglected. The interest on Rwanda was selective, selling very little at easier rates and most being out listed.

“The time has come for us to go beyond dreaming. We all must wake up because this is a time to arise from slumber and make our dream come true.” – Lazarus Chakwera

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