DAWN.COM

Today's Paper | May 06, 2024

Published 04 Jan, 2007 12:00am

Kenyan tea prices firm

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

Read Comments

Pakistani lunar payload successfully launches aboard Chinese moon mission Next Story