Bloomberg News

Sasini of Kenya Gains Most in a Week as Tea Prices Climb

September 28, 2011

Sept. 28 (Bloomberg) -- Sasini Ltd., a Kenyan tea and coffee grower, gained the most in a week as prices of tea climbed during the latest auction of the leaf.

The stock gained 0.35 shilling, or 2.8 percent, to 13 shillings at 11:28 a.m. in Nairobi, the capital, the biggest gain since Sept. 21.

African tea prices increased to $2.69 a kilogram (2.2 pounds) at a weekly auction in the Kenyan port city of Mombasa, according to Tea Brokers East Africa Ltd. The leaf rose from an average of $2.68 a kilogram a week earlier, the tea broker said in an e-mailed report today.

--Editors: James Kraus, Alan Purkiss

To contact the reporter on this story: Eric Ombok in Nairobi at eombok@bloomberg.net

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net


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