Weekly Tea Market Report

WEEKLY TEA MARKET REPORT - SALE NO: 7 - 12TH/ 13TH FEBRUARY 2019

Overall, quantity declined fairly significantly from the preceding Auction and totalled 6.4 million kgs.

Low Growns continued to meet with good demand, whilst High & Mid Grown Small Leaf teas witnessed excellent demand for the better/seasonal teas, whilst the others were irregular and often easier.

Ex-Estate offerings totalled 0.95 million kgs, which had on offer a wider selection of seasonal teas.

Best Western BOP/BOPF's - select invoices gained substantially following special inquiry, whilst the other BOP's were irregular. The corresponding BOPF often declining by Rs. 20/- per kg and more. In the Below Best category BOP/BOPF's were firm and Rs. 20/- per kg easier. At the lower end BOP's were barely steady, whilst the corresponding BOPF declined Rs. 20/- per kg and more. Nuwara Eliya - select BOP/BOPF invoices substantially dearer, others irregular following quality. Udapussellawa BOP's barely steady, whilst the BOPF's were irregular following quality. Uva BOP's irregular, whilst corresponding BOPF declined Rs. 20/- per kg and more, in most instances. High & Mid Grown CTC BP1's were firm, whilst the PF1's declined Rs. 10-20/- per kg. Corresponding Low Grown BP1's irregularly dearer, whilst select PF1's gained Rs. 10-20/- per kg, whilst the others continued to sell around last. Liquoring Leafy teas met with less demand.

Low Growns comprised of 2.8 million kgs in the Leafy/Tippy catalogues. There was good demand, particularly at the lower end of the market in the Leafy catalogue. Select best BOP1/OP1's were fully firm to irregularly dearer. Others were generally lower to last. A selection of better PEK/PEK1's maintained, whilst others were barely steady. Better OP/OPA's though irregular were firm, whilst teas at the lower end gained Rs.10-20/- per kg and at times more. In the Tippy catalogue, better FBOP's were firm to selectively dearer whilst others were barely steady. Select best FF1's gained on last whilst others were easier. At the lower end however, there was good demand. In the Premium catalogue, better teas were fully firm to dearer whilst others were irregular to last. There was good demand from shippers to Turkey, CIS, Libya, Iraq, Dubai and Saudi Arabia.

Tea Auction Details

AUCTION NO.

9

8

Dates

26th/27th Feb 2019
No. of Lots     No. of Kgs

18th/20th Feb 2019
No. of Lots     No. of Kgs

Ex Estate

892

996,485 kg

953

1,074,373 kg

High & Medium

1,198

605,724 kg

1,393

713,667 kg

Low Growns        Leafy

     Tippy

3,669

1,853

1,635,112  kg
965,982  kg

3,835

2,008

1,742,023  kg
1,082,411  kg

Premium/Flowery

295

49,252 kg

277

49,122 kg

Off Grades

1,968

1,146,183 kg

2,215

1,231,654 kg

Dust

608

627,736 kg

625

644,324 kg

Grand  Total

10,483

6,026,474 kg

11,306

6,537,574 kg