The weekly Mombasa Tea Auction held on the 24th, 25th and 26th August 2020 recorded 8.9 million kilograms offered for sale. The amount on offer recorded an increase from 8.5 million kilograms offered for sale during the same period last year, and a decrease from 9 million kilograms during the previous sale.
Of all the tea offered for sale, 7.4 million kilograms were sold compared to 7.8 million kilograms sold in the same period in 2019, and 7.9 million kilograms in the previous sale.
The tea auction sale recorded an increase in prices, with a kilogram selling at an average price of $2.04, compared to $1.92 for the same period last year, and $1.94 during the previous sale, held on 17th and 18th August 2020.
Meanwhile, earnings from the export of black tea increased by 22% in the first half of 2020 compared to a similar period in 2019. The earnings reached KSh68.9 billion from KSh 56.5 billion posted in the first half of 2019.
The huge increase in earning is attributed to increased output of tea in the first six months of 2020 which jumped by 41% compared to last year’s output.