Boost for farmers as tea auction prices jump 29pc
Nairobi, April 9 -- Tea farmers have been handed a boost as tea prices at the Mombasa auction hit $3.41 (Sh443) per kilogramme in February, which is a jump of 29.1 per cent compared to the price the green leaf fetched in the same month last year.
This is a significant increase compared to an average price of $2.64 (Sh343 at current exchange rates) in February last year as an increase in global demand for the beverage lifted prices.
Due to the high demand for the beverage especially from traditional markets such as Europe and North America, the Central bank of Kenya (CBK) has tipped Kenya to export a higher quantity of tea this year.
"Positive prospects for improved tea exports in 2024 on account of the pick-up in global tea prices," sa...
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