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    1.0.24

    Regional Tea Trade Association Postpones Auctions

    Eunniah
    By Eunniah Mbabazi
    - March 24, 2020
    - March 24, 2020
    African Wall StreetAgricultureKenya Business news
    Regional Tea Trade Association Postpones Auctions

    The East African Tea Trade Association (EATTA) has postponed its auctions until further notice, in a bid to curb spread of the COVID-19 virus. Therefore, primary and secondary auctions slated for 24th and 23rd March, respectively, have been halted.

    Meanwhile, the Mombasa weekly auction held on 16th and 17th March, a total of 13.1 million kilograms were offered for sale, compared to 10.8 million kilograms for the same period last year. However, only 12 million kilograms were sold.

    Nevertheless, this was an increase in sold kilograms, seeing that the previous auction recorded 10.8 million sold kilograms of tea.

    The Kenyan Wallstreet
    Average Tea Prices for the Mombasa Auction in $ per Kg. Image Courtesy: Africa Tea Brokers

    The East African Tea Trade Association is a voluntary organization bringing together Tea Producers, Buyers (Exporters), Brokers, Tea Packers and Warehouses, all working to promote the best interests of the Tea Trade in Africa

    See Also:

    Tea Prices Fall at Auction Amid Increased Supply

    Mombasa Tea Auction Digitization Underway

    The Kenyan Wall Street

    We are a leading integrated digital content platform providing in-depth business and financial news across Africa & the globeSubscribe
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