Minimum tea price boosts top quality beverage firms

Workers pick tea at a farm in Kericho. FILE PHOTO | NMG

The minimum tea price set by the government in July last year for produce from the Kenya Tea Development Agency (KTDA) has lifted earnings for other suppliers of high-quality beverage.

The reserve price was set at $2.43 (Sh285 at current exchange rates), a move that has benefited KTDA and other firms, including Kakuzi and Eastern Produce Kenya which are owned by UK-based multinational Camellia Plc. The two subsidiaries have tea estates in Nandi Hills.

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