WEEK 50, 2018

Tea market report 10 – 14 December 2018

The Mombasa auction, with 169k packages on offer, showed a good absorption rate across all grades. All buyers were active this week, but the hammer hit a slightly lower price in comparison to week 49. The last auction of 2018 will show a mighty 171k packages to finalize a record high production year. 2019 will start where we left off at 165k packages on offer. Malawi had no auction and no closing this week. Next week’s auction will have 3,740 packages on offer and will be the last auction of 2018.

“Business is done with numbers, not with words, but what is business without words.” – Riley Linder

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