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Tea prices continue to fall as Pakistan curbs imports
A woman plucks tea on a farm in Kiptagich, Kuresoi South in Nakuru County along the Olenguruone- Bomet road in this photo taken on Monday, May 03, 2021. PHOTO | JOHN NJOROGE | NMG
Tea prices continue to weaken at the auction as Pakistan buyers cut volumes in the wake of financial turmoil in Islamabad that has seen the State Bank of Pakistan (SBP) limit the use of letters of credit for imports.
The commodity declined for the third time in a row in the latest sale to hit a low of $2.21 (Sh261) from $2.24 (Sh262 in the previous sale.
