Drought in Kenya to boost Indian tea prices

Kenyan CTC prices rose by 30% in January to $3.31 a kg

Indian CTC tea exports can look forward to a healthy start in the beginning of the year as the Mombasa auction prices in Kenya, backed by a drought-like situation in the country, have started to pull up international prices of this tea variant.

Kenyan tea prices for the nine months ending September 30, 2016, had fallen to $2.3 per kg as against $2.7 per kg as the production increased because of optimal rains. However, according to data from Africa Tea Brokers, the Kenyan CTC auction prices rose by 30 per cent in the January auctions to $3.31 a kg, while