The first auction of the New Year 2020 was held on the 6th and the 7th January 2020.
Rwandan teas were sold at an average price of US$ 3.15 per Kilogramme while the overall average price of all teas was US$ 2.23 per Kilogramme.
Four other countries participated in this auction: Burundi, Kenya, Tanzania and Uganda. Of all 10,755,035 Kilos sold at the auction, Rwanda’s share was 594,880 Kilos.
On the first sale of the previous year, 2018, Rwanda had sold 414,254 Kilos while the total volumes sold were 9,647,839 Kilos.
The next auction will be held on the 13th and the 14th January 2020.
From July to November 2019, Rwandan tea production and export volumes recorded an increase of 12% and 4% respectively when compared to the same period of 2018. The first five months of the ongoing financial year also left Rwandan tea revenues at an increase of 8% compared to the previous year.
A total volume of 12,017 Metric Tons of tea was produced from July to November 2019 higher than 10,769 Metric Tons produced in the same period of 2018.
Rwanda’s total ‘made tea’ exports rose by 4 per cent, from 12,180 Metric Tons in 2018 to 12,617 Metric Tons in 2019. In the same period (from July to November) of 2018, the exported volumes amounted to US $ 36,088,761, an increase of 8%, from US $ 33,562,294 recorded in the previous year.
The good performance was driven by the expanded (newly producing) tea plantations, implementation of good practices in tea growing, as well as regular training for farmers, timely and appropriate application of fertilizers and good rains recorded in the tea growing zone in 2019.
The beverage is sold under the national brand, Rwanda Tea – A Natural Reawakening, which seeks to increase visibility of Rwandan teas and help make the sector more competitive.
Tea is one of the top foreign exchange earners for the country and is exported to more than 48 countries in Asia, Africa, the Americas, Europe and the Middle East