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Author Topic: Tea prices gok. Making the market  (Read 950 times)

Offline KenyanPlato

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Tea prices gok. Making the market
« on: October 01, 2021, 08:13:57 PM »
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?

Offline RV Pundit

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Re: Tea prices gok. Making the market
« Reply #1 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

Offline KenyanPlato

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Re: Tea prices gok. Making the market
« Reply #2 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
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