Price-shy tea traders pull record tonnage from auction

 East Africa Tea Trade Auction

Traders at the East Africa Tea Trade Auction in Mombasa on Kenya’s Coast. PHOTO FILE | NATION

Traders at the Mombasa Tea Auction withdrew 2.5 million kilogrammes of tea from the floor in the 50th sale as prices of the commodity continue to falter for the third consecutive week.

This is the highest amount of tea to be withdrawn as tea traders’ fortunes remain bleak with no hope of prices increasing any time soon.