A worker picking tea leaves at s tea farm. [ photo / Business Daily. ]
Latest market report from the tea brokers has shown that tea auctioning will go up in the upcoming two sales due to increased production and resumption of supplies from multinationals who are pushing up the quantities to cut the prices.
The report shows that the sales for 46 and 47 indicates the volume made available for auctioning next week to be at 9.8 million kilos and 10.1 million kilos respectively.
This is a positive increase from last weeks' auctioning of 8.4 million kilos and this weeks 8.4 million kilos.
Recently the multinationals tea firms cried foul after loosing close to a billion shillings following a three-week strike that paralysed picking and sales at the Mombasa auction.
The increased volume of sales has however been linked to the rains that has been pounding various parts of the country providing a favourable weather conditions for tea growth despite a sharp drop in the production recorded at the beginning of the year.
“The volumes have been going up DUE to the good weather and increased production from the farms in the recent days,” said a tea trader Peter Kimanga, who spoke to Business daily.
Multinationals tea firms is one of the key players in the Kenyan tea sector as they account for 30 per cent of the tea available at the auction.