Business Daily | by Gerald Andae
Multinational tea companies have warned of imminent closure if the high cost of production is not addressed, amid low prices of the commodity in a market where demand has been negatively affected by the Covid-19 pandemic.
The international firms said they cannot break even on tea that they are selling at the moment in the international market — with prices having remained below two dollars since January.
Kenya Tea Growers Association (KTGA) said the cost of production has…
