Top price of Kenya's highest grade tea up at auction
23 July 2014, 08:35
Nairobi - The highest price for top-grade Kenyan tea climbed at this week's sale to KES 343 per kg from KES 317 per kg last week, Tea Brokers East Africa said on Tuesday.
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 KES 218-KES 343 per kg compared with KES 210-KES 317 per kg last week.
Best Brighter Pekoe Fanning Ones (PF1s) TEAPF1-BEST-KE sold at KES 230-KES 253 per kg compared with KES 223-KES 254 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.
Pakistan dominated the auction while Yemen was more active, Tea Brokers said in its report. Other Middle Eastern buyers, as well as Kazakhstan, central Asian countries, Britain, Sudan, Afghanistan and Egypt showed interest, it added.