11 April 2014

Kenya: Rwanda Dominates Mombasa Tea Auction for Second Week

RWANDAN tea dominated the weekly Mombasa tea auction recording the highest prices by mark and country for a second week running.

Rwanda's Kitabi Tea Company recorded the highest with its BP1 selling for $3.16 per kilo higher than last week when Gisovu Tea Factory also from Rwanda sold it's BP1 at $3.00.

During this year's 14th sale which took place on Monday and Tuesday, Kitabi also recorded the highest price on PF1 selling at $2.62 while PDUST by the same company sold at $2.75.

Kenya however managed a $3.12 price on DUST1 from Gathuthi Tea Factory in Nyeri a few cents lower than last week where it sold the same brand at a higher price of $3.16.

During last week's sale 13, Kitabi saw its PF1 go for $ 2.60 while PDUST was sold at $2.84.

There was however improved market demand during this week's auction compared to last week where the auction recorded a selective demand on quality of tea.

According to the final market report analysis on this week's auction by Combrok Ltd, out of 117,669 packages on offer, only 8 per cent of the total offerings was unsold.

Last week saw 130,667 packages presented on offer where 16 per cent remained unsold.

Rwanda leads with an average auction price of $2.29 in this year's market while Kenya comes second with an average of $ 2.20.Burundi is third with $2.11.

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