{{The average price of Kenya’s top grade Broken Pekoe Ones tea rose to $3.43 per kg at auction from $3.38 at the previous sale, leading trader Africa Tea Brokers (ATB) said on Tuesday}}.<\/p>\n
The east African economy is the world’s leading exporter of black tea, which is a major source of foreign exchange, earning 112 billion shillings last year.<\/p>\n
Grade Best Broken Pekoe Ones (BP1) sold at $3.00-$3.86 per kg at the auction, compared to $2.80-$3.96 at the previous sale, ATB said. <\/p>\n
Best Pekoe Fanning Ones (PF1) sold for $260-$316, compared to $2.58-$3.18.<\/p>\n
ATB said there was better demand for the 150,771 packages on sale, with 14.86 percent left unsold.<\/p>\n
At the last sale, 19.8 percent of the 140,689 packages offered were not sold.<\/p>\n
ATB said Afghanistan lent strong support while Yemen and other Middle Eastern countries were quite active. <\/p>\n
There was more interest from Pakistan Packers, Bazaar, UK, Kazakhstan (CIS), Russia and Sudan.<\/p>\n
Egyptian packers showed some enquiry with Iran also operating in the market, ATB said, adding that Somalia was more active.<\/p>\n
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