Uganda tea prices recover at Mombasa auction

Tea prices have recovered from almost two months of decline, according to details from the East Africa Tea Traders Association. Uganda and other East African member states sell their tea through the Mombasa Auction. Tea prices had declined at the end of January but the recovery is expected to impact Uganda's export receipts, which have been growing for at least six months now. Tea prices, according to details from East Africa Tea Traders Association, inched closer to a two-dollar mark in the weekly auction with a kilogramme selling at Shs7,378 from Shs7,310. Volumes offered for sale at the Mombasa Auction, details indicate, have also been rising with Kenya and Uganda contributing the largest share. However, the amount of the commodity withdrawn from the trading floor was higher than the previous sale. Data from the Mombasa Auction indicate that tea prices had opened 2021 on a high but nosedived in mid-January. Details from the East Africa Tea Traders Association, indicate that 14 ...