Tea Prices Dwindle: Malawi’s second largest foreign exchange earner, tea continues fetching low on both local and international markets.
Chief Executive Officer for the Tea Association of Malawi Beyan Munthali has attributed this to high production of tea by Asian and East African countries.
"At international market, the price has gone down by 70 cents while locally at Limbe Auction floors it is down by 40 cents," said Munthali.
He said a lot of tea lies in warehouses as the market remains poor.
Chief Executive Officer for the Tea Association of Malawi Beyan Munthali has attributed this to high production of tea by Asian and East African countries.
"At international market, the price has gone down by 70 cents while locally at Limbe Auction floors it is down by 40 cents," said Munthali.
He said a lot of tea lies in warehouses as the market remains poor.
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