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Top Kenya tea price up slightly at auction

05 February 2014, 12:41

Mombasa - The highest price for top Kenyan tea was $4.41 (KES 375) per kg at this week's auction, up from $4.06 (KES 345) per kg a week earlier, Africa Tea Brokers said on Tuesday.

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.

Prices for Best Broke Pekoe Ones (BP1s) fetched $3.42-$4.41 (KES 290-375) per kg compared with $3.54-$4.06 (KES 300- 345) per kg last week, ATB said.

Best Brighter Pekoe Fanning Ones (PF1s) sold at $2.50-$3.10 (KES 213-264) per kg from $2.50-$3.18 (KES 213-270) per kg previously, ATB's report said.

It said 23 percent of the 125,207 packages offered were left unsold. Last week, said 23 percent of the 128,878 packages offered were left unsold.

Buyers from Afghanistan and United Kingdom bought more tea than last week, ATB said.

Most of the tea sold at the Mombasa auction is from Kenya, but it also offers tea from Uganda, Tanzania, Rwanda, Burundi and other regional producers.

- Reuters


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