A total of 5 million kgs came under the hammer this week. There was good demand.
Ex-Estate offerings totalled 0.67 million Kgs, the lowest quantity on offer since September 2018. Quality of offerings were barely maintained. In the backdrop of the sharp decline in availability, prices for most teas on offer appreciated Rs. 20 per kg and more, with the lower end of the BOPF gaining up to Rs. 50 per kg. Once again, the improvement in demand was centred around the tea for price category, which has further narrowed the parity between the better teas and teas at the lower end of the market.
A total of 2.3 million kgs came up for sale in the Low Grown 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 commenced fully firm, but gained a further Rs. 10-15 per kg towards the close. Others too were fully firm. PEK1's were fully firm to dearer, whilst PEK's too were mostly firm barring the teas at the Below Best category which were irregular. In the Tippy catalogue, select best FBOP's were irregular, whilst others and FF1's were fully firm. At the lower end, prices were fully firm to irregularly dearer. In the Premium catalogue, better teas were fully firm to selectively dearer, whilst others maintained. There was good demand from shippers to Turkey, Iraq, Saudi Arabia, Dubai and Syria this week.
AUCTION NO. |
48 |
47 |
||
Dates |
03rd/04th Dec 2019 |
726th/20th Nov 2019 |
||
Ex Estate |
772 |
888,489 kg |
747 |
850,522 kg |
| High & Medium | 1,447 |
780,404 kg |
1,487 |
784,429 kg |
|
Low Growns Leafy Tippy |
3,162 1,851 |
1,306,944 kg
|
3,811 2,051 |
1,572,008 kg |
Premium/Flowery |
351 |
69,265 kg |
468 |
89,052 kg |
Off Grades |
1,913 |
1,039,532 kg |
2,003 |
1,078,313 kg |
Dust |
660 |
642,545 kg |
604 |
572,901 kg |
Grand Total |
10,156 |
5,659,690 kg |
11,171 |
5,984,625 kg |
