Thats a serious investor, the tea factories do they compete with ktda? Also other than bulk black tea does the company have a local available brand like eden tea? Chirchir also has a tea factory?
?s=20KENYA PRIVATE /PLANTATIONS TEA FACTORIES
— 𝑱𝒖𝒍𝒊𝒖𝒔 𝑲𝒐𝒏𝒆𝒔 🇰🇪 (@Konesjk) February 12, 2023
Tea Auction Average Prices as at Sale 06, 07/02/2023
Overall Average Selling Price - USC 182.9/Kg pic.twitter.com/3nJmway6KT
Old man died last year. Now it sons to manage it or crash it.So they buy from local farmers competing with ktda? It seems Julius kones liberalization law is working as intended. Ktda sell more high quality tea than the private factories? Uniliver sold its tea business https://www.reuters.com/business/unilever-strikes-5-bln-deal-with-cvc-tea-business-ft-2021-11-18/ but retained its bottled cold tea business cause its growing and very profitable. I think it would be worthwhile to invest in bottled tea and establish a global brand from Kenya.
Most private tea factories are EPZ - they do export.
They sell local branded tea - Mbogo Valley is more serious - but rest just do gate sales.
They are many private tea factories in Kericho-Bomet-Nakuru-Nandi now.
KTDA uses to spend billions of money - as they huge capacity - but nowadays with 40-100M you can set up one.
I think more 100.Thats a serious investor, the tea factories do they compete with ktda? Also other than bulk black tea does the company have a local available brand like eden tea? Chirchir also has a tea factory?
So they buy from local farmers competing with ktda? It seems Julius kones liberalization law is working as intended. Ktda sell more high quality tea than the private factories? Uniliver sold its tea business https://www.reuters.com/business/unilever-strikes-5-bln-deal-with-cvc-tea-business-ft-2021-11-18/ but retained its bottled cold tea business cause its growing and very profitable. I think it would be worthwhile to invest in bottled tea and establish a global brand from Kenya.
?s=20We're kind of all of them 🤭 pic.twitter.com/NznSvqIYxM
— Lipton Tea (@Lipton) March 14, 2023
Yeah someone need to do this in kenyaIf I were to invest in tea industry, this is what I'd invest in. Obviously local market is very small but with serious marketing canned tea can compete with sugary drinks , not to mention the potential of the export market. I think combing the readily available tropical fruits with tea would create a very refreshing drink.?s=20We're kind of all of them 🤭 pic.twitter.com/NznSvqIYxM
— Lipton Tea (@Lipton) March 14, 2023
If I were to invest in tea industry, this is what I'd invest in. Obviously local market is very small but with serious marketing canned tea can compete with sugary drinks , not to mention the potential of the export market. I think combing the readily available tropical fruits with tea would create a very refreshing drink.
All this wealth created around kericho...
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Yes so many now - DL, Gideon Moi, Moi family, Joshua Kulei, Franklin Bett , Chirchirs,Laboso many others have them.
I even saw - Mutahi Ngunyi - in-laws in Kericho - are building theirs. Biwott daughter setting up.
Somehow they all survive - despite exporting tea cheaply - compared to KTDA.
Most of new machines are automated lines - so staff cost is very low.?s=20KENYA PRIVATE /PLANTATIONS TEA FACTORIES
— 𝑱𝒖𝒍𝒊𝒖𝒔 𝑲𝒐𝒏𝒆𝒔 🇰🇪 (@Konesjk) February 12, 2023
Tea Auction Average Prices as at Sale 06, 07/02/2023
Overall Average Selling Price - USC 182.9/Kg pic.twitter.com/3nJmway6KT
How will it survive now that Ruto's UDA has licensed thirty two (32) firms to import sugar?
Due to the huge number of traders involved, the directorate is limiting the quantity that each can import to at least 1,000 tonnes. Kenya relies on imported sugar to meet its annual deficit which has now grown to one million against production of 800,000 tonnes annually. Tightening supply has seen the price of the commodity shoot from a low of Sh230 for a two-kilogramme pack in January last year to Sh320 currently in what the directorate has attributed to high prices both on the local and imported sweetener
https://www.businessdailyafrica.com/bd/markets/commodities/sugar-millers-locked-out-of-duty-free-imports-window--4109282All this wealth created around kericho...
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The Mutahi Ngunyi in-laws are also the Chirchir in-laws. The guys married to sisters. Am told their late father was a one-time ambassador to Germany or some European country.
The ladies seem to want to be big-time in tea processing.