Kenyan tea glut pushes prices to multi-year lows, trade body says

A worker picks tea at a plantation in Githunguri near Kenya's capital Nairobi [Photo, Reuters]

Kenyan tea prices have slumped to their lowest level in at least five years due to excess supplies and weak demand in the main export markets, the East African Tea Trade Association (EATTA) said on Friday.

Kenya is the leading exporter of black tea in the world and the crop is also one of its top foreign exchange earners, along with tourism, flower exports and cash sent home by the diaspora.