KENYA TEA
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During the year 2024, the total earnings from tea amounted to Kshs. 215.21 Billion, out of which Kshs. 181.69 Billion was earned from exports, Kshs. 18.00 Billion from local sales and Kshs. 15.52 Billion from committed stocks. This was an increase of 9% from the marketed value of Kshs. 196.97 Billion recorded in 2023. From the total marketed value, the exports earnings recorded improved performance of 1% (Kshs. 1.12 Billion) to stand at Kshs. 181.69 Billion from Kshs. 180.57 Billion recorded in 2023. Higher export earnings were attributed to increased export volume by 14% (71.59 Million Kgs) from 522.92 Million Kgs recorded in 2023 to 594.50 Million Kgs. However, compared to the year 2023, the export prices and the exchange rate to the USD were less favourable to the earnings. The average export unit price was slightly lower in dollar terms at USD 2.27 per Kg compared to USD 2.47 in 2023 while the mean exchange rate of the Kenya Shillings to the USD was lower at 134.82 compared to 139.85.