Prices Stagnate at Weekly Tea Auction

The weekly Mombasa Tea Auction held on 22nd, 23rd and 24th August 2022 had 12.3 million kilograms of tea offered for sale. The amount on offer was similar as during the previous sale, but increased from 8.4 million kilograms offered during a similar period last year.

Of all the tea offered for sale, 8.7 million kilograms were sold, compared to 9.6 million kilograms during the previous sale, and 6.5 million kilograms during the same period last year.

The tea auction recorded a stagnation in prices, with a kilogram selling at an average price of $2.21, similar as during the previous sale held on 15th, 16th, and 17th August 2022, but increased when compared to the $2.04 fetched during the same period last year.

See Also:

Tea Exports Fall 28% to 37 Million Kilograms in May