NAIROBI, Jan 3: Kenya tea prices generally rose at this week's auction as key markets bought strongly to satisfy their requirements after the market resumed following a seasonal break, traders said.
“Strong general demand was maintained for the 107,470 packages on offer for the first (auction) of the year,” Africa Tea Brokers (ATB) said in a market report.
The market took a break last month and buyers were forced to cover their positions in the two days of trading on Tuesday and Wednesday, a trader said.
Traders predicted prices would remain stable in the coming week as the market assessed the impact of heavy rains on output and quality.—Reuters
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