Weekly Tea Market Report

WEEKLY TEA MARKET REPORT - SALE NO: 23 - 15TH/ 16TH JUNE 2021

A total 7.5 million Kgs were on offer this week. Once again, there was good demand for the better teas, whilst the others witnessed fair demand mostly at easier rates following quality.

Ex-Estate offerings were marginally lower to last and totalled approximately 1.0 million Kgs. A selection of good teas from the Western planting districts continued to sell at firm to dearer rates, whilst a majority comprising of fair average quality teas weakened by a further Rs. 10-20 per kg. Teas from the Eastern slopes - Uda Pussellawa BOP's continued to weaken by Rs. 20 per kg, whilst the corresponding BOPF's which commenced Rs. 10 per kg lower strengthened as the sale progresses and sold at firm to marginally dearer rates. Uva BOP's declined Rs. 20-30 per kg particularly for the teas in the higher price bracket, whilst the corresponding BOPF's followed a similar trend and declined Rs. 20-30 per kg.

High and Mid Grown CTC teas - BP1's continued to be difficult of sale, whilst the PF1's were firm to Rs. 10-20 per kg lower following quality. Corresponding Low Grown varieties - BP1's were Rs. 20-30 per kg lower and often difficult of sale, whilst the PF1's gained Rs. 20 per kg and more as the sale progressed, perhaps following less availability this week.

Low Growns comprised 3.1 million Kgs in the Leafy/Semi Leafy and Tippy catalogues. There was fair demand.

Well-made OP1/BOP1's maintained, whilst a range of improved Below Best varieties gained. Others and poorer sorts maintained. Better OP/OPA's were dearer, whilst a range of improved Below Best varieties too gained. Others were irregular and lower. Better PEK/PEK1's were fully firm to selectively dearer, whilst a range of improved Below Best varieties maintained. Others and poorer sorts were barely steady.

In the Tippy catalogues, well-made FBOP's together with cleaner Below Best appreciated, whilst the balance were irregular following quality. Select Best and Best FF1's were firm. Cleaner below Best too sold around last levels, whilst the balance were easier following quality.

In the Premium catalogue, very Tippy teas continued to attract good demand. Best and cleaner Below Best appreciated, whilst the balance were easier following quality.

TEA AUCTION DETAILS

AUCTION NO.

25

24

Dates

29th/ 30th Jun 2021
No. of Lots     No. of Kgs

21st/ 22nd Jun 2021
No. of Lots     No. of Kgs

Ex Estate

906

1,070,336 kg

903

1,046,615 kg

High & Medium 1,939

 

979,245 kg

1,782

 

941,619 kg

Low Growns        Leafy

Semi Leafy

2,221

1,671

1,015,222 kg
803,064 kg

2,375

1,989

1,076,365 kg
1,009,909 kg

Tippy

2,248

1,168,118 kg

1,957

1,025,772 kg

Premium/Flowery

401

72,384 kg

337

61,502 kg

Off Grades

2,326

1,395,742 kg

2,412

1,428,212 kg

Dust

676

729,831 kg

654

704,725 kg

Grand  Total

12,388

7,233,942 kg

12,409

7,294,719 kg

(Source- Forbes & Walker Tea Brokers)