Tough times ahead as World Bank sees tea prices declining further

DNTeaPlantation0506bt

Fresh green tea leaves at a tea plantation in Limuru, Kiambu County on June 5, 2023. PHOTO | LUCY WANJIRU | NMG

Global prices of tea are expected to decline further next year, signalling tough times for Kenyan producers, a new World Bank report has indicated.

The beverage's returns at the Mombasa auction have dropped from $2.68 per kilogramme at the start of 2022 to $2.25 at the start of September this year.

PAYE Tax Calculator

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