Week 28 2020
Tea market report 3 July – 10 July 2020
Again 190k packages came under the hammer in Mombasa this week. The last sale in which offerings were below 175k packages was sale number 2. Despite buyers have seemed to get used to these large numbers, the opening of this week’s session was slow, with brokers insisting on better prices and struggling to move teas. Best BP1s met good demand from Khazak & Sudan buyers and gained up to 14cts while others traded steady up to 15 cts easier for the high priced Rwandan types. Best PF1s lost last week’s gains and all subscriptions of PF1 traded steady to easier.
“Never say never because limits, like fears, are often just illusions.” – Michael Jordan
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