Top price of Kenya’s best tea grade falls

The maximum price of the top-grade Kenyan tea, Best Broken Pekoe Ones (BP1s), dropped at auction this week, Africa Tea Brokers said on Wednesday.

Kenya is the leading exporter of black tea and the crop is a leading foreign exchange earner for the country.

Below are tea prices from the Mombasa auction, where tea from other producers in the region is also sold:

TEA (BEST   PRICES THIS WEEK    PRICES LAST AUCTION

GRADES)     IN DOLLARS/KG        IN DOLLARS/KG

BP1                 3.41-3.84            3.67-4.08

PF1                 4.25-4.70            4.60-4.90

PD                  4.55-4.78            4.64-4.70

D1                  3.80-4.14            3.80-4.26

Note:

BP1: Best Broken Pekoe Ones

PF1: Best Brighter Pekoe Fanning Ones

PD: Pekoes Dusts

D1: Dusts

Source: Reuters