Kenyan tea falls short of set reserve price at Mombasa auction

Mombasa Tea Auction in session. FILE PHOTO | NMG

Tea prices at the Mombasa auction held below the set minimum price as demand remains subdued at the weekly trading with the onset of summer in key export markets.

The price of the beverage in last week’s trading increased marginally to $2.29 (Sh268) from $2.23 (Sh261) in the previous sale, well below the government set reserve cost of $2.43 a kilo.

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