TEA NEWS #tea market

Kenya taking over global markets, Indian tea producers look inward for price recovery. Tea industry may continue to face challenges in 2021-22

STEADY DEMAND AT MOSTLY EASIER RATES

The East African Tea Trade Association(EATTA) has moved to court seeking suspension of more sections of the newly enacted Tea Act arguing that they are discriminatory and unconstitutional.

Speaking during a meeting to sensitize farmers on new regulations farmers said that although they fully support the move, it would be counterproductive to let those behind their loss go scot-free. “As farmers, we are delighted by the new regulations but we would appreciate if directors who have stolen our funds be brought to book through prosecution in the court of law so that we can recover what is rightfully ours,” said Patrick Ndirangu a lawyer and a tea farmer in Chinga.

•The Mombasa tea auction was started in 1956 to take care of the interests of the tea sector in Africa. The auction is the largest in the world and it is managed by the East African Tea Traders Association. •President Uhuru Kenyatta will commission it in April.

Multinational tea companies have won the first round of their battle to stop the introduction of levies on their produce after the High Court suspended some sections of the Tea Act.

A weak shilling to the US Dollar however cushioned local farmers. In Summary •This is the third year in a row that prices have declined due to global supply surplus above the market demand. •The high tea production in Kenya is mainly as a result of favourable weather conditions.

The Ministry of Agriculture has given multinational companies and the Kenya Tea Development Agency (KTDA) a two-month window to close direct sales of tea amid a court case that has temporarily stopped the implementation of the new Tea Act.

GOOD GENERAL DEMAND AT EASIER RATES

TEA MARKET GOOD DEMAND

Tea Market Report - Sale 51-2020 - GOOD DEMAND

STRONG DEMAND