Reprieve for traders as tea prices increased marginally during the weekly Mombasa Tea Auction as demand for the Kenyan produce ticked.
A kilo of tea was selling at an average price of 197 shillings compared to 193 shillings during the previous sale held on 17th, 18th, and 19th of this month.
During the same period, 12.8 million kilograms of tea was on offer during the auction which is an increase from 12.6 million kilograms for the same period last year, and 12.2 million kilograms during the previous sale.
12 million kilograms of tea were sold during the sale, compared to 10 million kilograms for the same period last year, and 11.5 million kilograms during the previous sale.
Mid this month the Ministry of Agriculture reported that tea production jumped by 24 percent in 2020 to stand at 569 million kilograms against 458 million kilograms recorded in 2019.
Data from the ministry shows tea export for 2020 rose by 4 percent to 518 million kilograms, up from 496 million kilograms recorded in 2019.
Earnings from export were recorded at 120 billion shillings, a slight improvement from 113 billion shillings recorded in 2019.
The United Kingdom, Pakistan and Egypt remained top buyers of the commodity, with Russia, Poland and Nigeria.
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