Weekly Tea Market Report

WEEKLY TEA MARKET REPORT - SALE NO: 32 - 13TH AUGUST 2019

Auction No. 32 was a one day restricted sale with a quantity of 4.5 million kgs on offer. Low Grown/Large Leaf teas continued to meet with good demand, whilst High & Mid Grown Small Leaf teas experienced a weak trend.

Ex-Estate offerings totalled 0.9 million kgs. A small selection of Westerns continued to be useful, whilst others together with Nuwara Eliyas and Udapussellawas showed no change. A limited number of invoices from the Uva planting districts showed seasonal improvement, whilst the others comprised of a fair average quality standard.

Best Western BOP's declined by Rs. 20/- per kg and more for select high priced teas of last week. Corresponding BOPF's declined Rs. 30-40/- per kg and more with the exception of a few select invoices that sold around last week's levels following special inquiry. In the Below Best category, BOP's declined Rs. 30-40/- per kg. A majority of the corresponding BOPF declined Rs. 10-20/- per kg with the exception of a small selection of coloury teas that gained by Rs. 20-40/- per kg following special inquiry. Prices at the lower end were barely maintained. Prices for Nuwara Eliyas/Udapussellawas continued to be disappointing following quality. Uva seasonal BOP/PEK invoices were irregular, whilst the BOPF's gained substantially on last levels. Other Uva BOP/BOPF's gained Rs. 20-30/- per kg and Rs. 30-40/- per kg respectively. High & Mid Grown CTC's were often irregular following quality, whilst the Low Grown varieties declined Rs. 20/- per kg on average.

A total of 1.9 million kgs came up for sale in the Leafy/Tippy catalogues this week. There was good demand. In the Leafy catalogue, BOP1/OP1's were fully firm to dearer. Better OP/OPA's were irregular, whilst others which were firm at the commencement declined Rs. 10-20/- per kg as the sale progressed. PEK/PEK1's were fully firm to dearer barring a few bolder types which were irregular. In the Tippy catalogue, better FBOP/FF1's were selectively dearer. Others mostly sold around last levels. At the bottom end, there was good demand and prices were dearer, particularly for cleaner teas. In the Premium catalogue, there was better demand and prices were generally dearer to last for most teas. There was good demand from shippers to CIS, Iraq, Turkey, Syria and Dubai.

Tea Auction Details

AUCTION NO.

34

33

Dates

27th/28th Aug 2019
No. of Lots     No. of Kgs

20th/21st Aug 2019
No. of Lots     No. of Kgs

Ex Estate

976

1,108,106 kg

881

989,749 kg

High & Medium

1,634

858,353 kg

1,580

821,593 kg

Low Growns        Leafy

     Tippy

4,371

2,185

2,084,122 kg
1,176,922 kg

4,245

2,266

2,065,517 kg
1,200,583 kg

Premium/Flowery

480

99,766 kg

411

83,796 kg

Off Grades

2,245

1,321,837 kg

2,424

1,433,699 kg

Dust

736

766,428 kg

667

680,560 kg

Grand  Total

12,627

7,415,5347 kg

12,474

7,275,497 kg