Weekly Tea Market Report


WEEKLY TEA MARKET REPORT - SALE NO: 45 - 17TH/ 18TH NOVEMBER 2020

A total of 5.5 million Kgs were on offer this week. Overall, there was fair general demand at slightly easier rates.

Ex-Estate offerings totalled 0.65 million Kgs, marginally lower to the 0.73 million Kgs on offer in the previous week. BOP's met with good demand, whilst the BOPF's in the Best and Below Best categories were mostly easier. However, teas at the lower end of the market remained firm.

Best Western BOP's, which commenced firm, appreciated selectively and at times substantially following special inquiry particularly as the sale progressed. Corresponding BOPF's were often Rs. 10-20 per kg easier with the exception of a handful of invoices which appreciated by a similar margin. In the Below Best category BOP's gained Rs. 10-20 per kg, whilst the corresponding BOPF's were irregular. At the lower end, BOP's gained Rs. 20-30 per kg, whilst the corresponding BOPF's were firm and Rs. 10-20 per kg dearer for the clean leaf invoices. Nuwara Eliyas - the very limited availability of BOP/BOPF invoices continued to sell at premium levels. Uva/Uda Pussellawa BOP's gained Rs. 20 per kg and more for clean leaf teas. Corresponding BOPF's were firm and tended dearer.

High and Medium CTC teas continued to be buoyant and mostly sold at firm to marginally dearer rates. Corresponding Low Grown varieties witnessed a further price correction this week and declined by Rs. 20 per kg and more following quality.

Low Growns totalled 2.7 million Kgs in the Leafy/Semi Leafy and Tippy catalogues this week. Quality on offer showed no appreciable change. There was fair demand at lower levels. OP1/BOP1's were mostly lower to last with the high priced teas declining fairly substantially, particularly where quality was not maintained. OP/OPA's too declined Rs. 20-30 per kg. At the Lower end, however, there was good demand with prices maintaining last levels. PEK/PEK1's declined Rs. 10-20 per kg and more for the Below Best varieties. In the Tippy catalogues, better FBOP/FF1's were irregular. Cleaner secondaries though irregular were generally firm. At the lower end, prices were firm on last. In the Premium catalogue, better teas were fully firm to dearer. Others were irregular, particularly where quality was not maintained.

Tea Auction Details

AUCTION NO.

47

46

Dates

01st / 2nd Dec 2020
No. of Lots     No. of Kgs

24th / 25th Nov 2020
No. of Lots     No. of Kgs

Ex Estate

609

685,708 kg

582

674,655 kg

High & Medium 1,416

 

675,787 kg

1,379

 

681,462 kg

Low Growns        Leafy

Semi Leafy

2,130

1,703

906,994 kg
833,985 kg

2,056

1,712

880,597 kg
848,168 kg

Tippy

1,666

860,606 kg

1,684

901,650 kg

Premium/Flowery

346

58,625 kg

423

71,984 kg

Off Grades

2,186

1,130,511 kg

1,873

1,026,890 kg

Dust

460

432,200 kg

405

388,358 kg

Grand  Total

10,516

5,584,416 kg

10,114

5,473,764 kg