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Kenya FY tea earnings seen up 1pc at $1.3bn

Published Updated

tea-NAIROBI: Kenya's tea export earnings are seen creeping up 1 percent year-on-year to 110 billion shillings ($1.30 billion) in 2012, despite a forecast 5 percent drop in production, the industry regulator said on Monday.

 

The Tea Board of Kenya said total production was expected to fall to 360 million kgs this year, after frost and delayed rains hurt growth of tea bushes earlier in the year.

 

Copyright Reuters, 2012

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