Sellers hold back 22pc tea at auction

Unilever tea estate in Kericho. FILE PHOTO | NMG

About 22 percent of the tea at the Mombasa auction went unsold Tuesday as brokers held back the commodity after buyers failed to meet their price expectations.

This came as the price of the commodity slide to settle at a four-year low after briefly rallying in the previous sale—forcing sellers to withdraw two million kilos of tea that was set for auction.

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