Kenya top tea prices up slightly at first sale of 2014
09 January 2014, 15:23
Nairobi - The average price of Kenya's top grade Broken Pekoe Ones tea rose slightly to $3.91 per kg at this week's sale from $3.86 per kg at the last auction, traders said on Thursday.
Kenya is the world's leading exporter Of black tea and the crop is a major foreign exchange earner in east Africa's largest economy, together with horticulture and tourism.
Africa Tea Brokers (ATB) said Best BP1s sold at between $4.30-$3.52 per kg compared with $4.52-$3.20 per kg at the previous sale held on December 20 and 23.
Brighter Pekoe Fanning Ones (PF1s) fetched $2.90-$2.54 per kg from $2.86-$2.50 per kg at the previous auction.
ATB said 99,710 packages were offered for sale, with 10,238 unsold. At the previous auction, 114,336 were offered, with 15,089 unsold.