Mombasa Tea Auction - Google News

Mombasa Tea Auction - Google News
  1. Tea price drops reversing last week's gain - Daily Nation

    Daily Nation

    Tea price drops reversing last week's gain
    Daily Nation
    A report from auction indicates that the price dropped from Sh305 last week to Sh289 per kilogramme (kg) in Tuesday's auction. Egyptian Packers were dominant but operated at lower levels with more enquiries coming in from UK, Kazakhstan, and Russia.

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  2. Kenyan tea records marginal rebound at Mombasa auction - Business Daily (press release) (blog)

    Business Daily (press release) (blog)

    Kenyan tea records marginal rebound at Mombasa auction
    Business Daily (press release) (blog)
    “Out of 116,361 packages (7,520,000kg) available for sale, 98,401 packages (6,352,440kg) were sold with 15.43 going unsold,” said Edward Mudibo, managing director of the East African Tea Traders Association. According to lobby group, Pakistan Packers ...

  3. How KTDA lost Sh3 billion after auctioneers carted computer servers - Business Daily (press release) (blog)

    How KTDA lost Sh3 billion after auctioneers carted computer servers
    Business Daily (press release) (blog)
    “The taking away of the four servers by Zasha Auctioneers on instructions of Mr Kimathi not only paralysed the operations of the 54 tea factories countrywide but also grounded the Mombasa Tea Auction for four days,” Mr Millimo told the judge. “The ...

  4. Tea price in first 2017 fall as volume at Mombasa auction drops - Business Daily (press release) (blog)

    Business Daily (press release) (blog)

    Tea price in first 2017 fall as volume at Mombasa auction drops
    Business Daily (press release) (blog)
    A worker at a tea farm in Nandi Hills. PHOTO | FILE. By GERALD ANDAE Posted Sunday, February 12 2017 at 16:11. The price of tea at the Mombasa auction dropped by Sh23 in last week's trading, marking the first it has fallen since the beginning of the year.

  5. Drought in Kenya to boost Indian tea prices - Business Standard

    Business Standard

    Drought in Kenya to boost Indian tea prices
    Business Standard
    "Mombasa auction prices have a direct correlation with the Indian auction prices as far as CTC is concerned. If there is a crop shortage in Kenya and Indian crop is normal, then prices in the Indian auctions will show an upward trend," Kalyan Sundaram, ...

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  6. McLeod Russel sees flat tea output, better prices in 2017 - Hindu Business Line

    Hindu Business Line

    McLeod Russel sees flat tea output, better prices in 2017
    Hindu Business Line
    The world's largest tea producer, McLeod Russel, doesn't expect production growth in India in 2017. “The production for 2017 will be at best be similar to 2016 in case the weather remains as conducive as 2016,” a company communique said. India's tea ...

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  7. Price of tea hits 3-year high on severe drought - Business Daily (press release) (blog)

    Business Daily (press release) (blog)

    Price of tea hits 3-year high on severe drought
    Business Daily (press release) (blog)
    Price of tea at the Mombasa auction was Sh318 per kilogramme during this week's trading, up from Sh301 last week. There has been an increase in demand as buyers scramble to secure future stocks in the wake of rising prices occasioned by fears of a ...

  8. Tea prices start New Year on a high at Mombasa auction - Daily Nation

    Daily Nation

    Tea prices start New Year on a high at Mombasa auction
    Daily Nation
    Tea prices at the Mombasa auction kicked off 2017 on a high note, nearly touching a one-year record during last week's auction. A market report by the East African Tea Traders Association (EATTA) indicates that a kilogramme of made tea fetched Sh268 on ...

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  9. Mombasa tea auction set to go digital after Sh15om deal signed - Daily Nation

    Daily Nation

    Mombasa tea auction set to go digital after Sh15om deal signed
    Daily Nation
    Trade Mark East Africa CEO Frank Matsaert (left) and East Africa Tea Trade Association chairperson Nicholas Munyi during the signing of a deal for automation of the tea auction in Mombasa, December 1, 2016. PHOTO | DIANA NGILA | NATION MEDIA ...

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  10. Kenya tea auction granted Sh150m for online switch - Business Daily (press release) (blog)

    Business Daily (press release) (blog)

    Kenya tea auction granted Sh150m for online switch
    Business Daily (press release) (blog)
    “The introduction of ICT in the tea export process is expected to increase tea trade efficiency, transparency and overall governance,” says EATTA managing director Edward Mudibo. Players at the Mombasa Tea Auction were accused of colluding to fix ...