Prime

Tea glut hurts prices at Mombasa auction

Tea production for February was 27.93 million Kg, against 22.60 million Kg recorded during the corresponding month of 2017 according to the directorate. FILE PHOTO | NMG

By  GERALD ANDAE

An increase of tea production has pushed volumes beyond what the auction can absorb, resulting in low prices in the last couple of months.

The auction has a limit of eight million kilos a week but the volumes went up to 9.5 million kilos in the sale held last week.

PAYE Tax Calculator

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

Get it First!

Stay up to date on the editors' picks of the week.

Latest

  1. PRIME Court backs Sh26.8m fine against steel maker in price- fixing scandal

  2. PRIME Kinuthias: from a bar to Sh9.5bn stake in Quickmart

  3. PRIME Helb CEO who’s never taken bank loan, and walks up 19 floors to his office daily

  4. PRIME ICT ministry, KDF, police agree to buy Sh9.6bn Telposta scheme buildings

In the headlines

View All