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Dec. 8 (Bloomberg) -- Sasini Ltd., a Kenyan tea and coffee grower, retreated the first day in three after tea prices fell during the latest auction of the leaf yesterday.
Shares of Kenya’s biggest tea company by market value declined 2.7 percent to 12.55 shillings as of 12:09 p.m. in the capital, Nairobi.
African tea prices fell to an average of $2.60 per kilogram at a sale in the Kenyan port city of Mombasa, according to Tea Brokers East Africa Ltd. The average price declined from $2.61 a kilogram a week earlier, the tea trader said in an e-mailed report yesterday.
Kenya is the world’s biggest producer of black tea, which is its biggest foreign-exchange earner followed by tourism.
--Editors: Linda Shen, Peter Branton
To contact the reporter on this story: Eric Ombok in Nairobi at or firstname.lastname@example.org.
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