Kenya Tea Prices May Extend Gains in Next Few Weeks on Demand

Tea prices at auction in Kenya, the world’s biggest exporter of the black variety of the leaves, may extend gains in the next few weeks on seasonal demand, according to the East Africa Tea Trade Association.

Frost this month caused “minimal damage,” Peter Kimanga, chairman of the association, said in a phone interview today from Mombasa. The average tea price at the Mombasa auction yesterday was $2.74 a kilogram (2.2 pounds).

“The high prices are demand driven,” Kimanga said.

To contact the reporter on this story: Consolatah Lucas in Mombasa at clucas14@bloomberg.net

To contact the editor responsible for this story: Paul Richardson at pmrichardson@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.