TEA NEWS

A large quantity of duty-free tea imports, meant for re-export comes to India at a very low price from origins such as Africa, Argentina, Vietnam and Nepal.

India's tea exports, which suffered greatly due to the availability of Kenyan tea at cheaper rates in global markets

SELECTIVE DEMAND CLOSELY FOLLOWING QUALITY BP1 : Selected East KTDA firm to dearer 2/12 cts others easier 5/15 cts, West KTDA generally easier 2/12 cts, Nandi strong 5/15 cts dearer and sometimes more, selected Limuru and Kericho firm to dearer 5/35 cts others easier 2/10 cts, Uganda steady to easier 4/8 cts.

Indian tea flavours like Assam, Darjeeling and Nilgiri are among the finest in the world. But we have not been able to capitalise on our potential for tea export.

Tea Market Report Sale 41-2021 GOOD DEMAND AT DEARER RATES BP1 : Selected best East KTDA dearer 4/10 cts with others easier up to 15 cts, West KTDA dearer 8/15 cts, Nandi dearer 6 cts to easier 5 cts, Limuru dearer 10 cts to easier by same margin, Kericho dearer up to 10 cts, Uganda steady to easier 5 cts.

VERY GOOD DEMAND AT MOSTLY DEARER RATES BP1 : East KTDA 6/25 cts dearer with selected best quality lots substantially dearer. West KTDA steady to 4 cts easier. Nandi 5 cts easier to 8 cts dearer following selected quality. Limuru firm. Kericho up to 14 cts easier. Uganda 4 cts easier to 7 cts dearer following make.

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India’s tea export earnings in the first half (H1) of current calendar have increased by 6.73 per cent over H1 of 2020 despite a fall in the volume shipped because of the significant surge in the price earned. Kenya’s tea production in the first half was down by about 10 per cent which reduced the supply of these teas in the world market.

The commodity has averaged $1.70 dollars for the better part of the year. In Summary •The preferred auction price is above $2 per kilo. •Last week, directors from the 54 KTDA-managed factories started to hold meetings to review annual audited accounts, to be followed by declaration of bonuses.

The government has ordered an audit of all Kenya Tea Development Agency (KTDA) factories in what Agriculture CS Peter Munya said will help stamp out exploitation of small-scale farmers as well as improve their monthly earnings. The auditing, which is also aimed at eradicating duplication of roles, will begin at KTDA head office then cover all the 69 factories under the authority.

VERY GOOD DEMAND MOSTLY AT DEARER RATES

Tea factory, brokers fee reduction to save farmers