Weekly Tea Market Report

WEEKLY TEA MARKET REPORT - SALE NO: 26 - 07TH/ 08TH JULY 2020

A total of 7 million Kgs were on offer this week. Low Grown (large leaf teas) met with good demand, whilst the High and Mid Grown small leaf types witnessed fair demand at firm to easier rates following quality.

Ex-Estate catalogues had on offer a fairly similar volume to last and totalled 1.1 million Kgs. There was less activity perhaps following plainer quality.

Best Western BOP's, where quality was maintained, were firm and dearer following special inquiry, whilst the others together with the corresponding BOPF's declined Rs. 10-20 per kg. In the Below Best category, BOP's were irregular, whilst the Plainer sorts sold around last week's levels. Corresponding BOPF's declined Rs. 10-20 per kg in most instances. Uva/Uda Pussellawa BOP's were barely steady, whilst the corresponding BOPF's declined Rs. 20 per kg and more.

High and Mid Grown CTC teas, and particularly the PF1's, followed a similar trend and often declined by Rs. 20 per kg, whilst the limited availability of BP1's sold around last levels. Corresponding Low Grown varieties - BP1's strong demand, with select invoices gaining substantially, whilst the PF1's sold around last although prices tend to fluctuate following quality.

Low Growns comprised of approximately 2.9 million Kgs in the Leafy/Semi-Leafy and Tippy catalogues. There was good demand all around. A selection of better OP1's together with BOP1's gained on last, whilst others were mostly firm to dearer. OP/OPA's too were fully firm to dearer with a range of Below Best types, in particular, gaining Rs. 10-20 per kg. PEK/PEK1's were mostly dearer with the exception of a range of Below Best PEK1's that were irregular. In the Tippy catalogue, better FBOP/FF1's together with the cleaner secondaries sold around last levels. At the lower end too, prices were mostly firm for the cleaner types. Balance were irregular following quality. In the Premium catalogue too there was excellent demand with the better teas being fully firm to dearer. Others were firm, particularly where quality was maintained.

Tea Auction Details

AUCTION NO.

28

27

Dates

21st/22nd Jul 2020
No. of Lots     No. of Kgs

14th/15th Jul 2020
No. of Lots     No. of Kgs

Ex Estate

782

929,108 kg

842

985,634 kg

High & Medium 1,579

 

795,828 kg

1,741

 

901,943 kg

Low Growns        Leafy

Semi Leafy

2,200

1,665

972,218 kg
817,160 kg

2,172

1,704

983,982 kg
839,246 kg

Tippy

1,929

1,028,856 kg

2,061

1,103,889 kg

Premium/Flowery

427

80,680 kg

370

68,724 kg

Off Grades

2,481

1,441,372 kg

2,256

2,189 kg

Dust

587

615,513 kg

625

679,879 kg

Grand  Total

11,650

6,680,735 kg

11,771

6,892,606 kg