Boost for Kenya farmers as tea export prices hit eight-year high

The average price for Kenya’s tea exports rose for the third month to hit Ksh335,407 ($2,351) per tonne in May, the highest in nearly eight years driven by a weak shilling and increased demand for the beverage.

Data from the Central Bank of Kenya (CBK) shows tea export earnings grew by 33 per cent to Ksh16.17 billion ($113.34 million) in May – the highest since March – up from Ksh12.17 billion ($85.31 million) in April.