Half Year Results 

Global tea glut dilutes Camellia’s profits

Global tea glut dilutes Camellia’s profits

Camellia (CAM) warned alongside its full year results back in April that it was seeing weaker tea prices in 2019. Indeed, with record global tea production in 2018, an oversupplied market saw “significantly lower” average prices across all regions during the six months to 30 June. As the Mombasa auction continues to see unprecedented volumes from stock carried forward from last year, Kenyan prices have fallen by 17 per cent.

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