Sh1.6bn teas withdrawn at auction as demand plunges

tea

Workers pick tea leaves at a farm. FILE PHOTO | JOSEPH KANYI | NMG

Tea worth Sh1.6 billion was taken out of the trading floor in the latest trading as demand for the beverage continues to plummet at the auction.

Market report from the Mombasa auction shows that 6.3 million kilogrammes representing 39 percent of the total teas offered for sale were withdrawn from the market in the latest sale on the back of a lower price.

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