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Tea firms to set minimum prices at Mombasa auction

Tea prices recover at Mombasa auction

Daily Monitor Wednesday March 03 2021 Summary Tea prices, according to details from the East Africa Tea Traders Association, inched closer to a two-dollar mark, recovering from a decline which the commodity had registered during auctions in mid January. Advertisement Uganda and other East African member states sell their tea through the Mombasa Auction.  Tea prices had declined at the end of January but the recovery is expected to impact Uganda’s export receipts, which have been growing for at least six months now. Tea prices, according to details from East Africa Tea Traders Association, inched closer to a two-dollar mark in the weekly auction with a kilogramme selling at Shs7,378  from Shs7,310. 

Coffee and tea prices rise at weekly auctions

Coffee and tea prices rise at weekly auctions Tuesday February 23 2021 By GERALD ANDAE Summary Kenya’s agriculture commodities rallied last week to reverse the trend of falling prices in the previous sales at the auction. The price of tea inched closer to a two-dollar mark in the weekly auction, with a kilo selling at Sh217 from Sh215 in the previous week even as the volumes offered for sale at the Mombasa Auction went up. The price of the beverage had started the year on a high note but took a downward turn from mid-January. Kenya’s agriculture commodities rallied last week to reverse the trend of falling prices in the previous sales at the auction.

Will online auctions quell storms brewing in tea, coffee sectors?

Will online auctions quell storms brewing in tea, coffee sectors? Wednesday January 27 2021 Summary For decades, Kenya’s main commodity markets have been running on a manual platform with the arrival of the final price shrouded in secrecy. It was a practice that bred discontent among farmers who watched as their earnings dipped one crop season after another. Some, feeling short-changed by the system, cut down their crops in protest, prompting the State to seek alternative platforms that would boost transparency in the commodities trade. For decades, Kenya’s main commodity markets have been running on a manual platform with the arrival of the final price shrouded in secrecy. It was a practice that bred discontent among farmers who watched as their earnings dipped one crop season after another.

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