Price of highest grade Kenyan tea rises
09 July 2014, 17:17
Nairobi - The highest price for top-grade Kenyan tea rose slightly at this week's sale to $3.30 per kg
from $3.12 per kg last week, Tea Brokers East Africa said.
Kenya is the world's leading exporter of black tea and the crop is a major foreign exchange earner for the country's economy, together with horticultural products and tourism.
Best Broken Pekoe Ones (BP1s) TEABP1-BEST-KE fetched $2.22-$3.30 per kg from $2.15-$3.12 per kg last week.
Best Brighter Pekoe Fanning Ones (PF1s) TEAPF1-BEST-KE sold at $2.28-$2.68 per kg compared with $2.26-$2.70 per kg last week.
Most of the tea offered at the Mombasa auction is from Kenya, but tea from Uganda, Tanzania, Rwanda, Burundi and other regional producers is also sold.
Tea Brokers said in its report late on Tuesday buyers from Pakistan, Yemen, Afghanistan, Kazakhstan, Egypt, Sudan and the United Kingdom bought more tea than last week.
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