The move positions Kenyan orthodox tea for stronger global markets, boosting exports and diversifying auction offerings.
The cocoa grinder’s profits declined on weaker demand and higher costs, even as revenue nearly doubled on strong ingredient pricing.
Cocoa revenues surged to record levels, easing forex pressures while raising concerns about long-term sector sustainability.
July shipments surged, driven by favorable harvests, higher global prices, and strong demand from Europe and Africa.
Kenya’s tea exports and production face a decline amid adverse weather, with Pakistan and Egypt remaining top buyers.