Tea prices at the weekly Mombasa auction gained marginally for the second week but remains below the two-dollar mark since March, signaling low earnings for farmers. A kilo fetched an average $1.87 (Sh201.12 ) up from last week's $1.84 (Sh197.89) even as volumes traded increased. Average tea auction prices shed some six per cent last year compared to the previous year, as high production and a depressed market occasioned by Covid-19 affected demand. According to KTDA, oversupply of tea at the Mombasa auction, last year, affected prices. The Mombasa Tea Auction is one of the largest in the world where teas from Kenya, Uganda, Rwanda, Tanzania, Malawi, Ethiopia and the Democratic Republic of Congo are traded.

Source: The Star May 28, 2021 09:00 UTC