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 average price of KTDA teas in the first nine months of 2018/19 declined to USD 2.62 per kg from USD 3.25 for the corresponding period of 2017/18.Turbulence in the international markets such as economic sanctions imposed on Iran by the USA and high inflation rates in Egypt also negatively impacted the tea market. KTDA has already introduced Orthodox tea production to its smallholder tea farmers, with 10 factories already producing the specialty tea which fetches them higher prices than black CTC tea and in line with the diversification strategy. KTDA (H) Ltd is currently managing 66 tea factories that serve over 560,000 smallholder tea growers cultivating about 130,000 hectares of tea spread in all the 17 counties of Kiambu, Murang’a, Nyeri, Kirinyaga, Embu, Tharaka-Nithi, Meru, Kericho, Bomet, Nakuru, Kisii, Nyamira, Nandi, Kakamega, Vihiga, Trans-Nzoia and Narok. During the auction, the agency-managed factories closed at $2.64 per kilogram, against a $2.12 per kilogram for the Mombasa auction prices. This is to be progressed further with the piloting of the Sencha tea … He accused KTDA of controlling the auction and depressing the prices so that their companies can buy the tea purporting to be outside buyers. According to the agency, a kilogram of tea was sold at an average price of 2.20 dollars compared to 2.45 dollars last year. Tea growers who supply their green leaves to the Kenya Tea Development Authority, KTDA, are crying foul after the Agency announced low rates per Kilogram in the bonus payments. “This drop is linked to the … KTDA has been stealing tea from farmers. By IRENE MUGO. KTDA has already introduced Orthodox tea production to its smallholder tea farmers, with 10 factories already producing the specialty tea which fetches them higher prices than black CTC tea and in line with the diversification strategy. This is the lowest KTDA average price since 2008 when the average price per kilo of tea at the auction was USD 2.17. KTDA factories’ tea prices registered a rise, albeit marginally, during the last auction of 2019. As a consequence, buyers interested in Kenyan tea do not have any commercial incentives to compete and push tea prices at the auction because of the opportunity to negotiate a sale by private treaty with KTDA outside the auction, sometimes at below the auction prices,” said Munya when he announced policy, regulatory and administrative reforms in the tea sector in Kenya on Thursday last … Kenya Tea Development Agency (KTDA) managed factories in Bomet County started paying tea farmers bonuses amid protests over poor prices being offered. 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. This is the lowest KTDA average price since 2008 when the average price per kilo of tea at the auction was USD 2.17. The improved payments, which have already been released to farmers, are as a result of more volumes of tea sold, a strengthening dollar against […] Useful Links: … Therefore, 2019 saw a 1.74% increase in prices. The payout represents an average return of 67% of the total tea revenue of Ksh 69.77 billion. The growth is attributed to continued favorable weather across tea-growing regions, improved crop practices among tea farmers and farmers who have resumed delivering crop to their factories due to better payments and services. Last Value: 2.540: Latest Period: Oct 2020: Last Updated: Nov 11 … This is a change of -4.58% from last month and … Tea prices at the Mombasa auction are projected to rise in the fourth quarter on improved demand as winter sets in key markets. Report: IMF Primary Commodity Prices: Category: Agriculture and Livestock Region: N/A: Source: International Monetary Fund: Stats. During the period under review, the unit price of KTDA-sold teas fell by 6.8 per cent to an average 12-year low of $2.42 (Sh256) per kilo compared to $2.59 (Sh274) per kilo last year. KTDA also manages two factories in Rwanda namely Shagasha and … ktda updates Important Notice on Fake Tenders! Details obtained from the directors and farmers affiliated to the Kenya Tea Development Agency (KTDA) show that the payout, expected at the end of next month, will be lower by Sh10. 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Kenya Tea Packers is the leading tea blending and packaging company in Kenya with over 50 products including black tea, flavoured tea, green tea, purple tea, white tea, orthodox tea and herbal infusions. This is the lowest KTDA average price since 2008 when the … Consequently, the average price for a kilo of sold tea fell by 8.1 percent to an average twelve-year low of USD 2.38 per kilo compared to USD 2.59 per kilo in 2019. ISO 22000:2005 & ISO 9001:2015 – All 69 KTDA managed factories are ISO certified from bush to cup to demonstrate our efforts of food safety management.The standards ensures we continually improve the processes needed to provide safe tea and increase trust to the public, Industry and public sector both locally and internationally. “Since the regulations were established in June this year, prices have been going up and some companies have earned an … 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. Tea prices have continued to trade below the 2-dollar mark for the eleventh straight week, signaling low earnings for farmers compared to last year. of processing) and a fee from the final tea sales price, while the rest of the tea sales price is paid out to farmers. “We know what goes on at the auction. 2020 list of prequalified candidates to vie for tea factory company directorship. The 54 tea factory companies, which own the 69 factories that are managed by KTDA, will proceed to close their financial books for the year and also declare the final payment to each of their tea factory farmers. 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. KTDA factories’ tea prices registered a rise, albeit marginally, during the last auction of 2019. Our Business: About Us Management Our Factories Our Subsidiaries Press Releases. Consequently, the average price for a kilo of sold tea fell by 8.1 percent to an average twelve-year low of USD 2.38 per kilo compared to USD 2.59 per kilo in 2019. 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. 4 October 2020. Shared Interest/Flickr . The KTDA entities deduct their cost (e.g. KTDA July and October tea review showed increased supply but reduced prices POPULAR NEWS VIDEOS. April 8, 2020. in Business. This is to be progressed further with the piloting of the Sencha tea … KTDA increases farmer prices to curb tea hawking Monday, June 24, 2019 21:02. In most tea growing regions labor is manual. The average price of KTDA teas declined to $2.62 per kilogram (Sh262) compared to $3.25 (Sh325) the previous year. Contacts: info@ktdateas.com. 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