The Kenya Tea Development Agency (KTDA) has denied claims by Williamson Tea Kenya PLC that it holds 200 million kilograms of expired, unsold tea
In a statement, KTDA asserted that the reports from the company’s financial disclosures, which were reported in certain sections of the media, are inaccurate.
“KTDA dispels claims of unsold teas in its stocks as purported by Williamson Tea Kenya PLC in its financial disclosures and as reported in sections of the media. The said stocks cannot be destroyed since no such stocks exist as alleged.”
Further, KTDA stated that any tea in their warehouses represents the diligent efforts of farmers and is maintained to the highest standards unless deemed unfit for consumption.
The Agency also stated that it does not hold expired teas and adheres to stringent quality control measures throughout its value chain.
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In its financial disclosure, Williamson Tea called on KTDA to destroy its “expired” tea, citing market saturation.
According to the Nairobi Securities Exchange-listed company, the industry has seen scaled-down prices due to the enormous beverage supplies.
