Tea firms see lower prices on Pakistan, Egypt woes

DnEldWomenWork0504k

A woman carries a sack with tea leaves on her back after plucking at a farm in Kapsabet, Nandi County on April 04, 2023. PHOTO | JARED NYATAYA | NMG

A shortage of hard currency in Egypt and Pakistan will continue hitting the tea market in Kenya with the listed firm Kakuzi projecting low returns this year from the commodity on the back of woes facing the two top buyers of Kenyan beverages.

Pakistan and Egypt account for 55 percent of the total tea exports that Kenya sells to the world market.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.