Sh1 billion tea orders cancelled on price dip

A woman picks tea at Embomos in Bomet. FILE PHOTO | NMG

Traders withdrew teas worth Sh1.1 billion from the latest auction as prices remain low in the wake of subdued demand.

Data from the East African Tea Trade Association (Eatta) indicates that 3.9 million kilogrammes of tea were withdrawn during the sale as the price dipped to $2.32 (Sh268.8) a kilo from $2.40 (Sh278) in the previous sale.

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