Week 38, 2019

Tea market report 16 – 20 September 2019

The auction room was more animated in Mombasa this week with Muslim buyers having returned from their religious holidays. 129K pkgs were on offer as compared to 130k last week and the proceedings were generally easier across all grades. That being said; the absorption rate improved to 11.67% as compared to last week’s 18.28% and the All Avg hammer went up a further 2cts.

“Without deviation from the norm, progress is not possible.” – Frank Zappa