Tea farmers earn Sh648 million from weekly auction

Business
By Boniface Gikandi | Sep 23, 2024
A tea warehouse in Mombasa that Deputy President Rigathi Gachagua toured on September 7, 2024 after addressing tea factory directors. [Boniface Gikandi, Standard]

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).

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.

Share this story
Safaricom hits record Sh99.7b profit as M-Pesa drives growth
M-Pesa remained the key driver of revenue performance in the period, contributing 59.2 per cent of total revenue growth, expanding its revenue mix to 45.6 per cent. 
Kenya to spend nearly half of budget on debt servicing
Nearly half of the 2026/27 budget will be allocated to debt servicing, with taxpayers expected to cover Sh2.3 trillion in interest payments and debt redemption.
KDC roots for creative economy, innovation and youth-led enterprise growth
KDC Director General Norah Ratemo emphasizes the corporation’s strategic focus on enabling innovation and creative enterprise development as a cornerstone of inclusive economic growth.
Analysts say China's zero-tariff treatment to boost Africa's industrialization, value-chain integration
Analysts have welcomed China's zero-tariff treatment to 53 African countries with which it has diplomatic relations.
Kenya, World Bank deepen irrigation push to boost food security
 Kenya is tightening oversight of irrigation projects as it deepens its partnership with the World Bank to expand water access and improve agricultural productivity under a national development plan.
.
RECOMMENDED NEWS