Spotlight | Kenya
Ukraine war forces Kenya to find new buyers for 1m kilos of tea meant for Russia

A tea production site in Githunguri, Kenya.
A tea production site in Githunguri, Kenya. © Thomas Mukoya/Reuters
Kenya, faced with the threat of falling prices, had to find new outlets for huge quantities of black tea in record time. The stock, worth about $3.5m, was initially destined for Russia. [...]
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Kenya
Kenyatta's tea price hike favours foreign producers

The commitment to increase the price of Kenyan tea agreed with the main producers' consortium, the Kenya Tea Development Agency, has given neighbouring countries a comparative advantage. Unaffected by these measures, foreign companies in Kenya are selling their stocks more easily, while Kenyan firms' stocks are piling up.

LogoSubscribers only Commodity traders, Business 17.06.2022

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