Top Kenyan tea prices slide for fourth straight week

Friday, 25 October 2013 03:56 -     - {{hitsCtrl.values.hits}}

Reuters: The average price of top Kenyan tea edged down for the fourth straight week to $3.74 per kilogram from $3.90 at last week’s sale, market participants said on Wednesday. The east African nation is the world’s largest exporter of black tea, an important source of foreign exchange for it. Africa Tea Brokers (ATB) said in a market report the Best Broke Pekoe Ones (BP1s) fetched $2.65-$4.82 per kg from $3.00-$4.80 per kg attained at last week’s sale. Brighter Pekoe Fanning Ones (PF1s) sold at $2.00-$2.68 per kg, compared with $2.08-$2.75 per kg at the last auction. ATB said there was less demand for 118,979 packages offered for sale with 29.4% unsold. Last week, about a quarter of all packages, or 6.97 million kgs on offer went unsold.