Feb. 19 (Bloomberg) -- African tea prices fell 7.1 percent at a Kenyan auction of the leaf because of a strike.
The five-day strike last week caused a delay in shipments, “which may have impacted on auction prices,” Africa Tea Brokers Ltd. said in an e-mailed statement today.
The average price of tea sold on Feb. 15 and 16 fell to $2.87 a kilogram (2.2 pounds) from $3.09 at the last sale held on Feb. 8 and 9, the brokerage said.
Workers at tea warehouses in and around the Kenyan port city of Mombasa staged a strike between Feb. 8 and Feb. 12 in a dispute over wages. Laborers have since returned to work.
www.businessweek.com - African Tea Prices Fall, Strike Disrupts Shipments (Update1)
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