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Forum => Kenya Discussion => Topic started by: KenyanPlato on October 01, 2021, 08:13:57 PM

Title: Tea prices gok. Making the market
Post by: KenyanPlato on October 01, 2021, 08:13:57 PM

Tea rises to highest point this year on State’s reserve price
businessdailyafrica.com


https://www.businessdailyafrica.com/bd/markets/commodities/tea-highest-point-this-year-on-state-s-reserve-price-3568472?view=htmlamp&__twitter_impression=true
How sustainable is this reserve price market rigging?

Title: Re: Tea prices gok. Making the market
Post by: RV Pundit on October 01, 2021, 08:43:37 PM

Did they manage to sale the backlog of tea. This reserve price is good. It was becoming unsustainable

Title: Re: Tea prices gok. Making the market
Post by: KenyanPlato on October 01, 2021, 09:57:02 PM

They are still withdrawing volumes from auction to create artificial shortage. The current drought is one of the reasons prices are up. I wonder what the backlog volume is. I am still not sold on these reforms. The current admin is just buying time till after elections. Seems like political interference in the market. This will send wrong message to farmers who may ramp up tea acreage instead of coming up with different teas to counter the black tea glut. India is still experiencing the problems caused by glut so it seems kenya is just playing games