Tea prices decline continues at Mombasa auction on weak demand

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

Tea prices at the Mombasa auction continue to weaken on the back of low demand at the weekly trading.

The value of the beverage in the latest sale declined to $2.27 (Sh265.6) from $2.29 (Sh267) in the previous sale, to remain below the government-set reserve price of $2.43 a kilo, which largely applies to the Kenya Tea Development Agency (KTDA).

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