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Traditionally, Kenya tea has attracted top prices but that has not been the case this past few days with weekly price offers for Rwandan teas having been on the rise in the last three months, outshining produce from Kenya Tea Development Agency (KTDA) outlets.
This week, broken pekoe-1 (BP1) tea from Gisovu factory — Rwanda’s top outlet — attracted a highest bid of Sh550 per kilo compared to Sh428 per kilo offer that the same grade from Meru-based Githongo factory (Kenya’s best) attracted.
Kenya, a leading tea exporter in the world, accounts for three quarter of the produce traded at the Mombasa auction.
Financial Fortune is a digital financial news website and print business magazine published in Nairobi by Fortune & Transit Publishers Ltd and covers the financial services sector through news, views and extensive people coverage since 2018.