Kenya top tea prices up slightly at first sale of 2014

Friday, 10 January 2014 00:01 - - {{hitsCtrl.values.hits}}

REUTERS: The average price of Kenya’s top grade Broken Pekoe Ones tea rose slightly to $ 3.91 per kilogram at this week’s sale from $ 3.86 per kilogram at the last auction, traders said on Thursday. Kenya is the world’s leading exporter of black tea and the crop is a major foreign exchange earner in east Africa’s largest economy, together with horticulture and tourism. Africa Tea Brokers (ATB) said Best BP1s sold at between $ 4.30-$ 3.52 per kilogram compared with $ 4.52-$ 3.20 per kilogram at the previous sale held on 20 and 23December. Brighter Pekoe Fanning Ones (PF1s) fetched $ 2.90-$ 2.54 per kilogram from $ 2.86-$ 2.50 per kilogram at the previous auction. ATB said 99,710 packages were offered for sale, with 10,238 unsold. At the previous auction, 114,336 were offered, with 15,089 unsold.

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