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Apr 12 2024
Boost for farmers as tea auction prices jump 29pc

Tea farmers have been handed a boost as tea prices at the Mombasa auction hit $3.41 (Sh443) per kilogramme in February, which is a jump of 29.1 per cent compared to the price the green leaf fetched in the same month last year. Due to high demand for the beverage especially from traditional markets like Europe and North America, the Central Bank of Kenya has tipped Kenya to export a higher quantity of tea this year.

According to the Food and Agriculture Organisation (FAO), global tea consumption expanded by two per cent in 2022 compared to 2021, and further increased in 2023, as the market continues to be underpinned by robust demand.     

Read More: https://taachfm.co.ke/boost-for-farmers-as-tea-auction-prices-jump-29pc/

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