In East Africa, the tea market is facing challenges with prices hitting a three-year low, affecting sales at the Mombasa Tea Auction and Dar es Salaam Auction. Both markets have surpassed the 30 million kilo unsold tea limit, with Tanzania’s Dar es Salaam Tea Auctions experiencing a decline in sales volumes and price volatility. Factors such as global demand, local production changes, and seasonal influences have contributed to the fluctuations in prices. The Kenyan government has taken steps to address the surplus of unsold tea by suspending the reserve price at the Mombasa auction. Companies like Williamson Tea and Kapchorua Tea have called for the destruction of excess tea stock to prevent further price drops. The industry is facing challenges due to market saturation and declining tea quality, prompting government intervention to stabilize prices and protect farmers’ incomes. Strategies are being developed to adapt to the changing market dynamics and improve the overall tea sector in the region.
Struggles in East African tea auctions for selling
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