Top price of highest grade tea rises at auction
29 July 2014, 17:52
Nairobi - The highest price for top-grade Kenyan tea rose
at this week's sale to $4.00 per kg from $3.94 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
$2.76-$4.00 per kg compared with $2.50-$3.94 per kg last week.
Best Brighter Pekoe Fanning Ones (PF1s) TEAPF1-BEST-KE sold
at $2.60-$2.78 per kg compared with $2.64-$2.90 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.
Kazakhstan dominated the auction while Egypt, Yemen and
other Middle Eastern countries were well represented, Tea Brokers said in its