The Kenya Tea Development Agency (KTDA) has strongly rebutted claims made by Williamson Tea Kenya PLC regarding unsold tea stocks amounting to 200 million kilograms. In a detailed response, KTDA has refuted these assertions, stating that they are misleading and inaccurate.
Williamson Tea Kenya PLC, in its recent financial disclosures, had reportedly indicated a substantial volume of unsold tea stocks within the KTDA system. This disclosure sparked controversy within the tea industry, raising concerns about market stability and management practices within KTDA.
In response, KTDA clarified that the reported figure of 200 million kilograms of unsold tea is grossly exaggerated and not reflective of the actual situation. The agency emphasized that it has robust mechanisms in place to manage tea stocks and ensure that production aligns with market demand.
According to KTDA officials, the tea sector is facing challenges related to market fluctuations and global trade dynamics, but measures are continually being implemented to optimize sales and reduce inventory buildup. They further highlighted ongoing efforts to enhance transparency and accountability in tea production and marketing processes.
The dispute between KTDA and Williamson Tea Kenya PLC underscores broader concerns within Kenya’s tea industry, including market competitiveness, pricing mechanisms, and the overall economic impact on tea farmers and stakeholders. As the situation unfolds, stakeholders and industry observers await further developments and clarifications from both parties to better understand the implications for the tea sector’s future.
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