Week 32 2020

Tea market report 03 August – 07 August 2020

This week’s Mombasa auction met good general demand. The steeply dropping future auction offerings were a good reason for several buyers to act more forceful in the room. Some of the Best BP1 marks were stealing the show by appreciating around 1 USD per kg while others traded firm to dearer.  Mainly due to strong antagonism between the Kazakh operators. Below best opened steady but traded up to 10cts dearer towards the close, good medium traded 12-18cts dearer, medium 8-15cts up, and the plainer end traded 5-10cts dearer. Best EoR PF1s sold firm to slightly dearer, Bazaar operators expected these to trade up to 10cts dearer, after the dearer opening these types lost steam and closed firm.

“The Ultimate Measure Of A Man Is Not Where He Stands In Moments Of Comfort And Convenience, But Where He Stands At Times Of Challenge And Controversy.”– Martin Luther King, Jr.