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Wednesday, July 20, 2016

Tea prices improve | The Times Group

Tea prices improve | The Times Group: "Tea prices have improved after week, of slow trading. At the Limbe Tea Auction, the market recorded one of the highest prices in weeks at $2.20 as compared to last week’s auction where the highest bidder offered $1.80 for the best tea.

The lowest price on offer during the auction was $0.72.

Coffee and Te a Merchants Association of Malawi Chairperson, William Sichinga, said the development is as a result of off season market dynamics.

“We are going into off season and buyers are scrambling for the little tea that is available on the auction. This has pushed the price upwards which is a good development,” said Sichinga."



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