Bloomberg News

Mombasa Tea Auction Volumes Rise 1% in Four Months Through April

May 01, 2012

The amount of tea sold at auction in Mombasa, which vies with Sri Lanka to host the world’s biggest sale of the leaves, rose 1 percent in the first four months of the year, Tea Brokers East Africa Ltd. said.

The quantity traded climbed to 113.5 million kilograms (250 million pounds) in the four months through April, from 112.4 million kilograms a year earlier, the Mombasa-based broker said in an e-mailed statement yesterday.

Sales of Kenyan tea dropped 1.9 percent to 82.8 million kilograms, it said. Kenya is the world’s largest exporter of the black variety of the leaves.

The average auction price of tea for the four-month period dropped by 9 cents to $2.69 per kilogram.

To contact the reporter on this story: Githua Kihara in Mombasa via Nairobi at pmrichardson@bloomberg.net.

To contact the editor responsible for this story: Paul Richardson at pmrichardson@bloomberg.net.


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