{"id":11334,"date":"2020-07-17T17:56:46","date_gmt":"2020-07-17T17:56:46","guid":{"rendered":"https:\/\/www.africa-press.com\/kenya\/?p=11334"},"modified":"2020-07-17T17:56:46","modified_gmt":"2020-07-17T17:56:46","slug":"tea-output-soars-as-prices-tumble","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/kenya\/economy\/tea-output-soars-as-prices-tumble","title":{"rendered":"Tea output soars as prices tumble"},"content":{"rendered":"<p><strong>AfricaPress-Kenya:<\/strong> Green leaf production by factories affiliated to Kenya Tea Development Agency (KTDA) Holdings grew by 28.5 per cent for the year ended June 30, 2020, new data shows.<\/p>\n<p>This saw the output for the year rise to 1.448 billion kilos, up from 1.127 billion kilos over a similar period last year.\u00a0KTDA said in a statement yesterday the growth is as a result of continued favourable weather across tea-growing regions as well as improved crop husbandry practices among tea farmers.<\/p>\n<p>The growth in output, however, came against the backdrop of a tumultuous second half of the year that saw global tea prices plummet on the back of oversupply in the market as well as disruptions occasioned by the Covid-19 pandemic.<\/p>\n<p>\u201cThese include reduced demand for tea across markets as well as the restrictions on the movement of goods and services across the world at the start of the pandemic,\u201d said KTDA.During the period under review, the unit price of KTDA-sold teas fell by 6.8 per cent to an average 12-year low of $2.42 (Sh256) per kilo compared to $2.59 (Sh274) per kilo last year.<\/p>\n<p>This is the lowest KTDA average price since 2008 when the average price per kilo of tea at the auction was $2.17 (Sh230).\u00a0In the last three auctions for the year ended June 2020, the average price for a kilo of tea at the auction dropped below $2 (Sh212), a scenario last seen in 2007.\u00a0The trend in falling prices is replicated across other markets such as India and Sri Lanka as a result of oversupply and the disruption in the industry.<\/p>\n<p>Farmers will now await the final payout for the year, which is expected to be adversely affected by the prevailing market conditions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>AfricaPress-Kenya: Green leaf production by factories affiliated to Kenya Tea Development Agency (KTDA) Holdings grew by 28.5 per cent for the year ended June 30, 2020, new data shows. This saw the output for the year rise to 1.448 billion kilos, up from 1.127 billion kilos over a similar period last year.\u00a0KTDA said in a [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":11329,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8],"tags":[4704,2079,4703],"class_list":["post-11334","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-green-leaf-production","tag-ktda","tag-tea-output"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Tea output soars as prices tumble - kenya<\/title>\n<meta name=\"description\" content=\"Green leaf production by factories affiliated to Kenya Tea Development Agency (KTDA) Holdings grew by 28.5 per cent for the year ended June 30,\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/kenya\/economy\/tea-output-soars-as-prices-tumble\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tea output soars as prices tumble\" \/>\n<meta property=\"og:description\" content=\"Green leaf production by factories affiliated to Kenya Tea Development Agency (KTDA) Holdings grew by 28.5 per cent for the year ended June 30,\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/kenya\/economy\/tea-output-soars-as-prices-tumble\" \/>\n<meta property=\"og:site_name\" content=\"kenya\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2020-07-17T17:56:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2020\/07\/tea_output_soars_as_5f1079c1e859f.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"679\" \/>\n\t<meta property=\"og:image:height\" content=\"425\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/tea-output-soars-as-prices-tumble#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/tea-output-soars-as-prices-tumble\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Tea output soars as prices tumble\",\"datePublished\":\"2020-07-17T17:56:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/tea-output-soars-as-prices-tumble\"},\"wordCount\":283,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/tea-output-soars-as-prices-tumble#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2020\/07\/tea_output_soars_as_5f1079c1e859f.jpg\",\"keywords\":[\"Green leaf production\",\"KTDA\",\"Tea output\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/kenya\/economy\/tea-output-soars-as-prices-tumble#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/tea-output-soars-as-prices-tumble\",\"url\":\"https:\/\/www.africa-press.net\/kenya\/economy\/tea-output-soars-as-prices-tumble\",\"name\":\"Tea output soars as prices tumble - 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