Kenya tea prices slip at latest auction NAIROBI (R
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Posted On: 04/17/2013 8:00:11 AM
Kenya tea prices slip at latest auction
NAIROBI (Reuters) - The average price of Kenya's top grade Broken Pekoe Ones tea slipped to $3.38 per kg at auction from $3.40 at the previous sale, leading trader Africa Tea Brokers (ATB) said on Wednesday. The east African economy is the world's leading exporter of black tea, which is a major source of foreign exchange, fetching 112 billion Kenyan shillings last year. Grade Best Broken Pekoe Ones (BP1) sold at $3.96-$2.80 per kg at the auction, compared to $3.80-$3.00 at the previous sale, ATB said. Best Pekoe Fanning Ones (PF1) sold for $3.18-$2.58, compared to $3.16-$2.65. ...
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