WEEK 49, 2018

Tea market report 3 – 7 December 2018

In Kenya, there were 167k packages on offer which met fair general demand, with about 85% finding immediate buyers. Two more auctions follow before the record year ends, both swinging heavy weight at 168k in week 50 and 171k in week 51. A 5% devaluation of the Pakistan Rupee was the talk of the week and led to some anxiety. However, the offerings and the levels tempted the buyers to have a steady interest at lower levels. In the Blantyre auction there were 1,420 packages on offer, all of which came from only two gardens, Sayama and Mateco.

“Creativity is more than just being different. Anybody can plan weird; that’s easy. What’s hard is to be as simple as Bach. Making the simple, awesomely simple, that’s creativity.” – Charles Mingus

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