CAK rejects tea traders’ plea on price fixing law

Tea traders at the Mombasa auction in April. FILE PHOTO | NMG

Brokers have suffered a blow after the competition watchdog rejected a request by the East African Tea Traders Association (EATTA) to be exempted from the price fixing law.

The Competition Authority of Kenya (CAK) said the current practice of setting brokerage commissions and warehouse prices at the tea auction in Mombasa is a “hardcore contravention” of the law.

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