Monday, February 21, 2011

Tea, coffee farmers smell record profits in 2011

The tea and coffee growers of Kenya are optimistic that as a result of the good weather and constant revival in the overseas economy, 2010's, all time high output will be continued in 2011 as well but, the dry weather may reduce the production.
Meanwhile, the tea output and export earnings of 2010 reached all time high levels and posted 399 million kgs and Ksh97 billion shillings ($1.2 billion) respectively which was a 27 per cent growth in output and 40 per cent growth in the earnings.
Sicily Kariuki, the Tea Board of Kenya managing director said that in order to see if they can maintain the growth, the market is carrying on taking into consideration the positive factors.
Ms Kariuki also added that Kenya is still catching the attention of the up-and-coming middle class among Asian countries to its tea mainly in India and China.
Moreover, the country raised it purchasing activity by 46 per cent in 2010 which is a good progress as they have not marketed their tea in that country.
The Coffee Board of Kenya lessened its previous predictions that the commodity would surge by 28 per cent to 51,000 tonnes from 40,000 tonnes and it now says that the volumes may fall due to drought.
Tea is the agricultural product of the leaves, leaf buds, and internodes of various cultivars and sub-varieties of the Camellia sinensis plant, processed and cured using various methods.
Coffee is a brewed drink prepared from roasted seeds, called coffee beans, of the coffee plant. They are seeds of coffee cherries that grow on trees in over 70 countries, cultivated primarily in Latin America, Southeast Asia, and Africa.

(Source: http://money.oneindia.in/news/2011/02/21/coffee-farmers-smell-record-profits-2011-aid0096.html)

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