Black Tea From Kenya Still Fluctuate
Black Tea From Kenya Still Fluctuate
When you have a cup of English or Irish breakfast tea in the morning, do you know where the leaves inside the bag are from? Most likely, they're not from either England or Ireland. While this is a no-brainer to some, the black tea inside an English or Irish breakfast tea generally comes from Africa and south Asian countries like India and Sri Lanka. In recent news, however, the price for black tea from Kenya has fluctuated. As the largest exporter of tea from East Africa, Kenya has seen its supply of tea lessen from recent weather and prices rise 3.1 percent on the auction block this past year.
As far as your morning cup of black tea is concerned, this may affect the overall price of a box, although not by much. The latest auction in Mombasa, Kenya saw the price of black tea go for $2.95 for a kilogram, up from $2.86 per kilogram earlier, according to African Tea Brokers, Ltd. However, this is a price drop from early December, in which a kilogram of black tea was sold at $3.09. At the time, poor weather, such as droughts, in Kenya reduced tea production.
Price fluctuations for Kenyan tea aren't new. A year ago, prices fell 11 percent during the first ten months of the year. Predictions for 2010 in Kenya, as well as in India and Sri Lanka, include stable weather, and stable weather often correlates to steady tea prices. While the fluctuating tea prices haven't affected western nations like Great Britain and the United States, those who export tea from Asian and African countries have seen a difference this past year due to the droughts experienced by many countries around the Indian Ocean.
Taking South Africa and West African countries out of the equation, Kenya's black tea counts for 70 percent produced by Africa and less tea production often means the region's economy takes a hit. Nevertheless, auctions, such as the one in Mombasa, are expected to see more steady and stable prices in the upcoming year.
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When you have a cup of English or Irish breakfast tea in the morning, do you know where the leaves inside the bag are from? Most likely, they're not from either England or Ireland. While this is a no-brainer to some, the black tea inside an English or Irish breakfast tea generally comes from Africa and south Asian countries like India and Sri Lanka. In recent news, however, the price for black tea from Kenya has fluctuated. As the largest exporter of tea from East Africa, Kenya has seen its supply of tea lessen from recent weather and prices rise 3.1 percent on the auction block this past year.
As far as your morning cup of black tea is concerned, this may affect the overall price of a box, although not by much. The latest auction in Mombasa, Kenya saw the price of black tea go for $2.95 for a kilogram, up from $2.86 per kilogram earlier, according to African Tea Brokers, Ltd. However, this is a price drop from early December, in which a kilogram of black tea was sold at $3.09. At the time, poor weather, such as droughts, in Kenya reduced tea production.
Price fluctuations for Kenyan tea aren't new. A year ago, prices fell 11 percent during the first ten months of the year. Predictions for 2010 in Kenya, as well as in India and Sri Lanka, include stable weather, and stable weather often correlates to steady tea prices. While the fluctuating tea prices haven't affected western nations like Great Britain and the United States, those who export tea from Asian and African countries have seen a difference this past year due to the droughts experienced by many countries around the Indian Ocean.
Taking South Africa and West African countries out of the equation, Kenya's black tea counts for 70 percent produced by Africa and less tea production often means the region's economy takes a hit. Nevertheless, auctions, such as the one in Mombasa, are expected to see more steady and stable prices in the upcoming year.
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Public Last updated: 2021-03-05 04:55:12 AM