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kenya tea auction prices 2020

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The Tea Exporters Association was incorporated to promote and protect the common interests of members who are engaged in tea exports. Mombasa Tea Price is at a current level of 0.0198, down from 0.0203 last month and down from 0.0234 one year ago. pakistan 116,435,448 35,696,309,695. egypt 77,189,409 19,932,966,171. uk 45,137,669 [email protected], Tea farmers to receive payments from their factories, Tea auction prices remain at lowest mark in 2020, East African Tea Trade Association (EATTA), shows this week, the commodity averaged $1.78 (Sh189.27). The privatization of the nationalized tea estates in the mid-90s and the rapid increase in the private tea factories in the same decade was the main reasons that encouraged the tea exporters to band themselves together under the banner of the T.E.A. Tea Market Report : Sale 47 2020. Tea Market Report 48 2020.doc. Continue Reading This Story source: Kenyan Wall Street […] Kenyanwallstreet.com is a leading integrated digital media business content platform providing in-depth business and financial news across Sub-Saharan Africa and the globe. TBEA Market Report 2020. The Export Auction System was initiated in November 1956 in Nairobi on a very small scale with only small quantities of secondary grade teas offered fortnightly under the auspices of the East African Tea Trade Association (EATTA). This is the lowest KTDA average price since 2008 when the average price per kilo of tea at the auction was USD 2.17. The weekly Mombasa Tea Auction held on the 10th, 11th and 12th August 2020 recorded 10.5 million kilograms offered for sale. Tea prices at the Mombasa auction improved marginally in last week’s trading as the volumes offered for sale declined by more than 700,000 kilos. At the tail end was Ugandan tea which fetched $1.35 per kilo. 2.Graph Report Offer vs Sold 2020. Sudan were active while Bazaar showed interest but were selective with reduced participation from Pakistan Packers, UK and Russia, There was less support from Afghanistan and were selective with some selective activity from Iran while Somalia were active at the lower end of the market,”. Tea-Auction Statistics : Tea-Auction Statistics : 1.Statistics-2020. In May 2020, the auction price of tea per kilogram in Kenya was measured at 1.97 U.S. dollars, a decrease to the previous month. Kenya Tea Auction Price is at a current level of 2.540, down from 2.662 last month and down from 2.859 one year ago. This is for the Financial Year ended June 30, 2020. Read more.. Basic Info. The amount on offer recorded an increase from 9 million kilograms offered for sale during the same period last year. The price of tea at the Mombasa auction rallied higher this week with analysts expecting it to firm up at above $2 (Sh216) in the coming weeks due to a drop in local production. The online auction was occasioned by the closure of the Circle Art due to Covid-19 restrictions, prompting a … The weekly Mombasa Tea Auction held on the 30th, November, 1st and 2nd December 2020 had 10.5 million kilograms of tea offered for sale. This is similar to last week,s price at the traditional Wednesday secondary auction, Egyptian Packers were dominant and showed strong support with more and useful interest from Kazakhstan and other CIS nations while Yemen and other Middle Eastern countries lent more activity,”. This is a change of -2.68% from last month and -15.49% from one year ago. Various grades of Kenyan tea fetched a total average of $2.35 (Sh238) per kilo while Uganda’s tea attracted the lowest price at $1.24 (Sh125). Copyright © 2015 - 2020 Kenyan Wallstreet. The weekly Mombasa Tea Auction held on the 30th, November, 1st and 2nd December 2020 had 10.5 million kilograms of tea offered for sale. destination quantity in kgs value in shs . 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