About 236.9 million kilogrammes of tea or 40 percent of stocks delivered for sale at the Mombasa auction went unsold in 2023 as buyers kept away over high reserve prices and poor product quality.
Disclosures by the Tea Board of Kenya (TBK) show that the absorption rate for tea on offer at the Mombasa auction was lower at an average of 60 percent compared to 76 percent in 2022 and 84 percent in 2021.
