{{The average price of Kenya’s top grade Broken Pekoe Ones tea slipped to $3.38 per kg at auction from $3.40 at the previous sale, leading trader Africa Tea Brokers (ATB) said on Wednesday.}}<\/p>\n
The east African economy is the world’s leading exporter of black tea, which is a major source of foreign exchange, fetching 112 billion Kenyan shillings ($1.33 billion) last year.<\/p>\n
Grade Best Broken Pekoe Ones (BP1) TEABP1-BEST-KE sold at $3.96-$2.80 per kg at the auction, compared to $3.80-$3.00 at the previous sale, ATB said. <\/p>\n
Best Pekoe Fanning Ones (PF1) TEAPF1-BEST-KE sold for $3.18-$2.58, compared to $3.16-$2.65.<\/p>\n
ATB said there was slightly better demand for the 140,689 packages on sale, with 19.8% left unsold. <\/p>\n
At the last sale, 21.8% of the 146,155 packages offered were not sold.<\/p>\n
ATB said Yemen and other Middle Eastern countries showed strong support and there was more activity from Pakistan Packers, Afghanistan, Kazakhstan (CIS), Sudan and Russia.<\/p>\n
Britain was less active and continued to be selective while Iran re-entered the market, it said, adding that Somalia also continued to be active. ($1 = 83.9000 Kenyan shillings).<\/p>\n
{reuters}<\/p>\n","protected":false},"excerpt":{"rendered":"
{{The average price of Kenya’s top grade Broken Pekoe Ones tea slipped to $3.38 per kg at auction from $3.40 at the previous sale, leading trader Africa Tea Brokers (ATB) said on Wednesday.}} The east African economy is the world’s leading exporter of black tea, which is a major source of foreign exchange, fetching 112 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[99],"byline":[170],"hashtag":[],"class_list":["post-7215","post","type-post","status-publish","format-standard","hentry","category-business","tag-greatlakesnews","byline-igihe"],"bylines":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":8}],"contributors":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":8}],"featured_image":null,"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/7215","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=7215"}],"version-history":[{"count":0,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/7215\/revisions"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=7215"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=7215"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=7215"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=7215"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=7215"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}