Nairobi Star (Nairobi)
Reuters
16 June 2011
The average price of Kenya’s top grade tea held steady at $3.11 during this week’s auction, but it was expected to rise in the weeks ahead, brokers said yesterday.
Mombasa-based Africa Tea Brokers (ATB) said in its weekly market report there was strong demand for the 145,016 packages (9.18 million kgs) on offer, with 14.92 percent remaining unsold. At the previous sale, 148,024 packages were offered for sale, with 15.47 percent going unsold.
Best BP1s were sold at $3.28-$2.94 per kg compared with $3.40-$2.82 per kg last week. Best Pekoe Fanning Ones fetched $3.70-$3.16 per kg compared with $3.67-$3.01 per kg previously.
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Top Tea Price Steady