TEA NEWS #KTDA set the minimum reserve price for processed tea in an unprecedented move aimed at cushioning smallholder farmers

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.