All
 

 

Just in:  

You are here: Home»Markets»Commodities»Middle East & Africa»Kenya top tea grade price inches lower

tea 400NAIROBI: The average price of top grade Kenyan tea dipped for the second consecutive week to $4.16 per kg at auction this week from $4.17 per kg last week, traders said on Wednesday.

 

The east African nation is the world's biggest exporter of black tea, and the crop is the largest foreign exchange earner, bringing in $1.27 billion last year.

 

Mombasa -based Africa Tea Brokers (ATB) said in a market report that Best Broken Pekoe Ones sold at $4.04-$4.28 per kg, down from $4.00-$4.34 per kg last week.

 

Best Pekoe Fanning Ones fetched $3.84-$4.32 per kg compared with $3.78-$4.18 per kg at the previous sale.

 

ATB said 118,635 packages were offered for sale, with 13.37 percent going unsold. Last week, 113,928 packages were offered with 20.1 percent going unsold.

 

Buyers from Egypt bought more tea than last week, as did those from Afghanistan this week, ATB said.

 

The industry regulator Tea Board of Kenya has said export earnings were expected to rise 1 percent year-on-year to 110 billion shillings ($1.30 billion) in 2012, despite a forecast drop in production.

 

Copyright Reuters, 2012


 



 
Index Closing Chg%
Arrow DJIA 16,501.65 0.08
Arrow Nasdaq 4,126.97 0.83
Arrow S&P 1,875.39 0.22
Arrow FTSE 6,674.74 0.11
Arrow DAX 9,544.19 0.58
Arrow CAC-40 4,451.08 0.74
Arrow Nikkei 14,546.27 1.09
Arrow H.Seng 22,509.64 0.97
Arrow Sensex 22,876.54 0.52





where to buy

cheap wedding dresses

online - weddingdresstrend.com

Buy cheap Nike Mercurials cleats at mercurialscleats.com
cheap wedding dresses on SiteSteer.com - Best Online Wedding Store


Banking Review 2013


Buy direct from

China free shipping trade platform

Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyFebruary
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln