Boost for farmers as tea auction prices jump 29pc

DN COAST TEA 2507D

Traders proceed with auction at the Tea Trade Centre in Mombasa. FILE PHOTO | NMG

Tea farmers have been handed a boost as tea prices at the Mombasa auction hit $3.41 (Sh443) per kilogramme in February, which is a jump of 29.1 per cent compared to the price the green leaf fetched in the same month last year.

This is a significant increase compared to an average price of $2.64 (Sh343 at current exchange rates) in February last year as an increase in global demand for the beverage lifted prices.

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