Burundi tea earnings fall 4 pct in October
BUJUMBURA (Reuters) - Burundi's tea export earnings have for October have fallen 4 percent year-on-year as the lingering dry season which hit leaf production, a tea board official said on Friday.
The landlocked country sells 80 percent of its tea through a regional weekly auction in the Kenyan port of Mombasa. Tea is Burundi's second foreign exchange earner after coffee.
"Our company got low production because of the prolonged dry season," Remy Ndayininahaze, head of the export department at the state tea company (OTB), told Reuters.
Burundi earned $940,000 from the sale of 369 tonnes of tea compared with $980,000 from selling 375 tonnes in October 2009, Ndayininahaze said.
He said the average price fell to $2.55 per kg from $2.61 in the same period in 2009.
Between January and October, earnings rose to $16.2 million from 6,544 tonnes sold from $13.4 million that 5,624 tonnes fetched in the same period in 2009.
"Cumulative earnings have increased thanks to tea prices which went up on the Mombasa market," Ndayininahaze said.
© Thomson Reuters 2016 All rights reserved