The Kenya Tea Development Agency (KTDA) offering emerged the second best tea in terms of value at the auction, fetching Sh266 a kilo. Various grades of Kenyan tea fetched a total average of $2.35 (Sh238) per kilo while Uganda’s tea attracted the lowest price at $1.24 (Sh125). Tea Market Report 48 2020.doc. This is similar to last week,s price at the traditional Wednesday secondary auction, Egyptian Packers were dominant and showed strong support with more and useful interest from Kazakhstan and other CIS nations while Yemen and other Middle Eastern countries lent more activity,”. National Assembly Passes Much Anticipated Tea Bill, Ethiopia’s Prime Minister on Official Visit to Kenya, Somalia Suspends Visa-on-Arrival for Kenyans WEF 13th Dec, Syspro Survey Shows Increasing Business Confidence Despite COVID-19 2nd Wave, Court Halts Kenya 25% Tax on Imported Glass Bottles, SACCOs Restructure Loans Worth KSh 4.7 Billion as Pandemic Hits, NSE Turnover Drops 92% to KSh 87.1 Million, IFC Loans KSh1.1 Billion to I&M Rwanda to Support SMEs, AfDB Approves $71.5 Million Loan for Ugandan Roads, Call For Nominations – Angaza Awards: Women to Watch in Banking & Finance, Multichoice’s Technological Innovations for 2020, MultiChoice and Zoomoo Partner to Expand Children Content in Africa, Kenya Urged to Speed up Financial Markets Reforms – Absa AFMI 2020, Absolute Must-Reads for Banking and Finance Professionals. Kenya Tea Auction Price is at a current level of 2.540, down from 2.662 last month and down from 2.859 one year ago. The bulk of East African tea production was directly consigned to the London Auctions. Kenyanwallstreet.com is a leading integrated digital media business content platform providing in-depth business and financial news across Sub-Saharan Africa and the globe. Record prices were attained for works by Peter Elungat of Kenya, Theresa Musoke of Uganda, Nadir Tharani of Tanzania and Charles Sekano of South Africa. Tea auction links pricing woes to delayed reforms - Business Daily 3.Category wise Total Quantity of Tea Sold & Average Price 2020 The tea auction recorded a slight dip in prices, with a kilogram selling at an average price of $1.85, compared to $2.13 during the same period last year, and $1.88 during the previous sale held on 23rd, 24th and 25th November 2020. The weekly Mombasa tea auction has reopened for 2020, amid increasing demand for the commodity. Voted amongst the Top 100 Mid sized Company in 2013/14 . 2.Graph Report Offer vs Sold 2020. Mombasa Tea Price is at a current level of 0.0198, down from 0.0203 last month and down from 0.0234 one year ago. The tea auction recorded a slight dip in prices, with a kilogram selling at an average price of $1.85, compared to $2.13 during the same period last year, and $1.88 during the previous sale held on 23rd, 24th and 25th November 2020. The privatization of the nationalized tea estates in the mid-90s and the rapid increase in the private tea factories in the same decade was the main reasons that encouraged the tea exporters to band themselves together under the banner of the T.E.A. Anti … In May 2020, the auction price of tea per kilogram in Kenya was measured at 1.97 U.S. dollars, a decrease to the previous month. The Kenya Tea Development Agency (KTDA) offering emerged the second-best tea in terms of value at the auction, fetching $2.47 a kilo. The online auction was occasioned by the closure of the Circle Art due to Covid-19 restrictions, prompting a … The price of tea at the Mombasa auction rallied higher this week with analysts expecting it to firm up at above $2 (Sh216) in the coming weeks due to a drop in local production. Of all the tea offered for sale, 9.5 million kilograms were sold same as what was sold in the same period in 2019, and 9.3 million kilograms sold during the previous sale. district wise average prices of blf factories for the month of november 2020: 417.22kb: district wise average prices of blf factories for the month of october 2020: 416.03kb: district wise average prices of blf factories for the month of september 2020: 417.10kb: district wise average prices of blf factories for the month of august 2020: 417.38kb As a result, the unit price of KTDA sold teas, for the financial year 2019/2020, fell by 6.8 percent to an average twelve-year low of USD 2.42 per kilo compared to USD 2.59 per kilo in 2019. The weekly Mombasa Tea Auction held on the 10th, 11th and 12th August 2020 recorded 10.5 million kilograms offered for sale. The amount on offer recorded an increase from 9 million kilograms offered for sale during the same period last year. Download. At the tail end was Ugandan tea which fetched $1.35 per kilo. Recent Updates. TBEA Market Report 2020. WEEKLY AVERAGE PRICES OF CTC LEAF AND ALL DUST SOLD AT INDIAN AUCTION DURING - 2020. The information contained in this website is for general information purposes only. At the tail end was Ugandan tea … It took the total payment for the year to Sh51.85 billion; up from Sh46.48 billion last year. Meanwhile, compared to … Kenya offered 372,158,988 kg of tea in 2019 with an average price of $2.24 per kilo followed by Uganda, which supplied 73,955,883 kg at $1.16 per kilo. Tea Farmers urged to focus on improving quality of Tea … The amount on offer decreased from 10.8 million kilograms offered in the same period last year, and 10.9 million kilograms offered in the previous sale. Promotion of orderly ... Tanzania says it is willing to set up its own tea auction to rival Kenya's. Tea prices at the Mombasa auction improved in this week's trading, defying an increase in volumes that were offered for sale, which went up by 970,000. Sudan were active while Bazaar showed interest but were selective with reduced participation from Pakistan Packers, UK and Russia, There was less support from Afghanistan and were selective with some selective activity from Iran while Somalia were active at the lower end of the market,”. Kenya offered 372,158,988 kilogrammes of tea in 2019 with an average price of $2.24 per kilogramme followed by Uganda which supplied 73,955,883 kilogrammes at $1.16 per kilogramme. The weekly Mombasa Tea Auction held on the 30th, November, 1st and 2nd December 2020 had 10.5 million kilograms of tea offered for sale. By Gerald Andae. The Export Auction System was initiated in November 1956 in Nairobi on a very small scale with only small quantities of secondary grade teas offered fortnightly under the auspices of the East African Tea Trade Association (EATTA). Details. Copyright © 2015 - 2020 Kenyan Wallstreet. Tea prices at the Mombasa auction improved marginally in last week’s trading as the volumes offered for sale declined by more than 700,000 kilos. This is a change of -2.68% from last month and -15.49% from one year ago. During the first auction of 2020 conducted on 6th and 7th January, over 158,000 packages were sold, out of the 178,431 packages that were offered for sale. The Tea Exporters Association was incorporated to promote and protect the common interests of members who are engaged in tea exports. Continue Reading This Story source: Kenyan Wall Street […] Tea prices at the Mombasa auction have remained at this year's lowest selling price for a second week running even as traded volumes increased. This is a change of -4.58% from last month and … This is the lowest KTDA average price since 2008 when the average price per kilo of tea at the auction was USD 2.17. Last week, Unilever Tea Kenya, one of the biggest buyers at the auction withdrew its participation citing international health measures affecting volumes of tea sold in the 11th sale. Of all the tea offered for sale, 9 million kilograms were sold compared to 8.3 million kilograms sold in the same period in 2019. Mombasa Tea Auction Auction Reports and Market Statistics. East African Tea Trade Association . The weekly Mombasa Tea Auction held on the 30th, November, 1st and 2nd December 2020 had 10.5 million kilograms of tea offered for sale. "The tea prices had improved from Sh18 to Sh30 per kilo, but they have since plummeted due to the global impact of Covid-19," Mr Korir explained. As a result of the low prices, traders withdrew 14% (1.9 million kilograms) of the offered tea from the market in anticipation of high prices in the future. TEA AUCTION. This is for the Financial Year ended June 30, 2020. The amount on offer decreased from 10.8 million kilograms offered in the same period last year, and 10.9 million kilograms offered in the previous sale. Tea Market Report : Sale 47 2020. [email protected], Tea farmers to receive payments from their factories, Tea auction prices remain at lowest mark in 2020, East African Tea Trade Association (EATTA), shows this week, the commodity averaged $1.78 (Sh189.27). All rights reserved. Tea Market Report: Sale 48 2020. KTDA Annual Production Hits Record High Amid Reduced Global … Basic Info. Kenya’s tea has seen high demand from top buyers in the recent weeks, occasioned by low prices that have been prevailing at the auction. destination quantity in kgs value in shs . Week Ending/Date Kolkata Guwahati Siliguri Jalpaiguri mjunction ... WEEKLY AVERAGE PRICES OF TOTAL TEA SOLD AT INDIAN AUCTION DURING - 2020. pakistan 116,435,448 35,696,309,695. egypt 77,189,409 19,932,966,171. uk 45,137,669 A Brief History Auction Schedule Auction Average Prices Auction Prices Auction Outlots Buyers Purchases Current Catalogues Current Market Report Crop & Weather TBEAL; TEA AUCTION; Market Report; TBEA Market Report; TBEA Market Report 2020; TBEA Market Report 2020. Please enter your username or email address to reset your password. A market report from the East African Tea Traders Association (Eatta) showed a kilo of tea traded at Sh194 on average from Sh185 in the previous sale. Tea-Auction Statistics : Tea-Auction Statistics : 1.Statistics-2020. Read more.. 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