Tea farmers earn Sh648 million from weekly auction
Business
By
Boniface Gikandi
| Sep 23, 2024
Tea sector earned Sh648.4 million from the sale of 1,755,042 kgs of tea at the Mombasa auction market.
In the last week’s market, 69 factories participated generating Sh648.4 million after the buyers were interested in Kenya's product .
Makomboki factory which was the best paid delivered at the auction 60,560 kgs that traded at Sh25,037,926.40.
Ngere was ranked the second after it earned Sh22,239,810.56 from 52,492 kgs of made tea.
Thumaita (Sh21,452,221.44), Kimunye (Sh21,145,779.20) and Kangaita (Sh19,853,721.60).
READ MORE
Report: How Kenya's weak labour market hurts economy
New KPCU advances Sh125 million cherry fund loans to coffee farmers
Why Mbadi's budget review is all about lowering expectations
Why Kenya-Germany jobs deal is double-edged sword for workers
Kenya's nuclear electricity plan faces cost, environment hurdles
Safaricom consortium gets Sh104b contract for digital health system
Regulation of fintech needs to promote stability, innovation
Experts call on farmers to grow drought resilient crops
Regulation of fintech must promote stability and innovation
Ongoing labour unrests are early signs of an economy that's about to collapse
Kenya Tea Development Agency Holding Chairman Enos Njeru said there was a need for the growers to produce quality green leaf that will attract the buyers.
Njeru said the buyers are particular with produce from certain factories over quality of the green leaf.
“The sector is competitive as most of Kenya's tea is used in blending produce from other countries owing to the unique taste,” he said.
Peter Karomo, a tea value chain expert, said the auction in the past one month has been competitive.
Karomo urged the growers to adhere to the laid standard when plucking the green leaf.
“The factory managers must ensure the farmers deliver the best to ensure Kenya sustains the international market,” he said.
Other tea factories that participated in the auction were Kiru which presented 37,840kgs, Gatunguru (25,100 kgs), Githambo (35,260 kgs) and Rukiriri (25,240 kgs).
Kapkoros tea factory failed to present tea in the auction.