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Unsold tea at Mombasa auction hits yearly high as levy bites
Stakeholders say the combination of higher export costs and increased shipping expenses has made Kenyan tea less competitive in the international market.
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standardmedia.co.ke
Reduced returns from tea auction worry farmers
Tea farmers in Kenya’s Mt Kenya region fear lower bonuses after a tea levy and shifting buyer preferences led to declining auction sales, leaving millions of kilograms of tea…
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businessdailyafrica.com
Unsold tea at Mombasa auction hits yearly high as levy bites
Stakeholders say the combination of higher export costs and increased shipping expenses has made Kenyan tea less competitive in the international market.
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More stocks of unsold teas are back in the warehouses over the levy
Tea warehouses in Mombasa are reportedly holding 10,554,071 kilogrammes of made tea since the introduction of the tea levy of Sh 2.28 per kilo destined for export.