TEA NEWS #kenyan tea

In 2009, Ramalinga Raju took India’s corporate scene by surprise when he resigned as chairman of Satyam Computer Services, the fourth-largest software exporter at the time

Agriculture and Livestock development CS Mithika Linturi has reiterated the government’s commitment to continuously support the tea industry and leverage on value addition.

GOOD DEMAND AT EASIER RATES BP1 : Selected best East KTDA dearer 25/50 cts, others dearer 5/12 cts, West KTDA firm on reserve limits, Nandi easier 28 cts, available Limuru firm, Kericho easier 3/8 cts, Uganda easier up to 16 cts.

• According to the Mombasa Tea Auction Market Report, in the auction number 28, which took place on July 12, 2021, the volumes of tea sold by KTDA managed factories dropped by 89 percent compared to auction 27, which attained an absorption rate of eight percent of offered teas. • The report indicated that the average price improved by 25 percent from Sh221.31 per kg to Sh278.81 per kg for the specific gardens that sold. This is a growth of Sh56 per kg.

KTDA set the minimum reserve price for processed tea in an unprecedented move aimed at cushioning smallholder farmers. • In this week’s auction, the absorption rate of offered teas improved to 19 per cent, while the average price appreciated by 22 per cent. • Absorption in upcoming auctions is further expected to improve as the market aligns itself to the new prices.

Farmers allied to the Makomboki tea factory in Murang’a County are accusing Kenya Tea Development Agency (KTDA) of opposing implementation of Tea Act 2020.

SELECTIVE DEMAND