TEA NEWS #tea market news

After a hiatus of about 10 years, Iraq may open doors to Indian tea. The Baghdad Chamber of Commerce has invited Indian tea companies to participate in the first tea festival in Iraq which will be held at the end of this month.

Ten tea factories are formulating fresh management contracts with the Kenya Tea Development Agency Management Services to comply with the government reforms. Directors in the processing factories are for the first time involved in formulating the new contracts, with a technical committee appointed on Friday to kick off the process.

India’s higher tea production has helped over come any problem with global output in view of a massive shortfall in Kenya. Global black tea output so far is estimated at 1.36 billion kg so far this calendar year against 1.23 billion kg during the same period a year ago.

Sri Lanka’s ambitious quest to become the first organic farming nation has come to a sudden stop after a ban on the import of chemical fertilizer was reversed recently.

Tea factory, brokers fee reduction to save farmers

GOOD DEMAND AT MOSTLY DEARER RATES WITH SOME REPRINTS REMAINING UNSOLD

Former KTDA bosses face prosecution in multiagency report

Tea Market Report Sale 37-2021

GOOD GENERAL DEMAND AT IRREGULAR RATES BP1 : Best East KTDA dearer 10/20 cts, others easier 4/8 cts, West KTDA steady to easie r 3 cts, Nandi dearer 20/24 cts, Limuru dearer 10/20 cts, Kericho easier 3 cts with selected types dearer 5/10 cts, Uganda irregular. PF1 : Best East dearer 15 cts, others easier 10/20 cts, West easier 4/10 cts, Nandi easier 4/8 cts, Limuru easier 2/5 cts, Kericho irregularly dearer 4/10 cts to easier by the same, Uganda dearer 4/10 cts to easier 5 cts on plainer sorts. SELECTIVE DEMAND PD : Best East KTDA firm, others easier 5/12 cts. West KTDA steady to 2/4 cts easier. Nandi firm. Limuru dearer 2 cts. Kericho easier 2/6 cts, Uganda firm to 2/4 cts easier. D1 : East KTDA easier 4/8 cts, West KTDA firm. Nandi firm, Limuru easier 4/8 cts. Kericho easier 2/5 cts. Uganda firm. GOOD GENERAL DEMAND AT IRREGULAR RATES FOLLOWING QUALITY BP : Limuru barely steady to 13cts easier. Kericho firm to 2cts dearer. Uganda 4/16cts dearer. PF : Limuru steady. Kericho 2/6cts easier with selected types 4/8cts dearer. Uganda firm to 4cts dearer. PF2 : Limuru 3/6cts easier. Kericho 4/10cts easier. Uganda N/A FNGS 1 : East KTDA irregularly from up to 35cts easier to 14cts dearer following quality. West KTDA irregularly from 8cts easier to 8cts dearer following quality. Nandi 8cts easier. Limuru 2cts easier to 5cts dearer. Kericho 6cts easier to 5cts dearer. Uganda firm to 4cts dearer. FNGS : Limuru 4cts dearer. Kericho firm to 6cts dearer. Uganda 4/15cts dearer. Dust : East KTDA irregularly from 12cts easier to 22cts dearer. West KTDA firm to 2cts dearer. Nandi N/A, Limuru 6/10cts easier. Kericho 3/10cts dearer. Uganda N/A. D2 : Limuru N/A. Kericho irregularly from 8cts easier to 6cts dearer. Uganda 3/6cts dearer. BMF : Nandi N/A, Limuru 4/6cts dearer. Kericho irregularly from 6cts easier to 6cts dearer. Uganda irregularly from 4cts easier to 4cts dearer.

STRONG DEMAND AT FIRM TO DEARER RATES WITH SOME OUTLOTS DUE TO RESERVE LIMITS BP1 : East KTDA very irregular closely following quality easier 11 cts to 18 cts dearer firm . West KTDA fully firm to 2 cts dearer with some outlots. Nandi irregular. Limuru N/A. Kericho firm to 20 cts dearer. Uganda 10/25 cts dearer.

Startups Changing the Tea Industry and Wage Gaps. The tea industry is rapidly growing

Multinationals push for minimum USD 1.83 (Sh200) price for a kilo of tea. The multinational tea firms want to set the minimum price of tea at more than Sh200 for a kilo to break even, which will be Sh20 above the reserve price the government set on purchases of the smallholders’ produce.