Tea starts year flat at the auction but higher than 2017 opening
7 days ago, 15:39
Tea prices at the first sale of the Mombasa auction in 2018 remained flat compared with the last trading of 2017. A kilogramme (kg) on average traded at Sh279 in last week’s sale, the same as sale 49 last year, which was the final auction of 2017. The price, which is still high compared to the most auctions of 2017, could have been helped by a sharp decline in volumes offered that dropped by 886,998kgs. Compared to the first sale of last year when a kilo fetched Sh267, the price is still higher. ...
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