Tea price hits 5-month high on low volume

An auctioneer takes buyers through the markets at East African Tea Trade Association auction. FILE PHOTO | NMG

Tea prices at the Mombasa auction rose to a five month high this week with the continued trend of high returns at the auction seeing traders withdraw a record volume from the floor in anticipation of a higher value in the coming sales.

A market report from the East African Tea Traders Association (Eatta) shows a kilogramme of the beverage on average fetched Sh220 up from Sh210 last week.

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