Weekly Tea Market Report

WEEKLY TEA MARKET REPORT - SALE NO: 3 - 19TH/ 20TH JANUARY 2021

Auction offerings increased to 7.8 million Kgs this week.  Large Leaf/Low Grown teas continued to meet with good demand, whilst the High and Mid Grown Small Leaf teas met with less demand and a lower trend in prices.    

Ex-Estate offerings comprised of approximately 1.1 million Kgs. Fair demand mostly at easier rates.  

Best Western BOP's declined Rs. 20-30 per kg and more for select high priced teas of last week, whilst the corresponding BOPF's declined Rs. 20-40 per kg. In the Below Best category, BOP's eased up to Rs. 20 per kg, whilst the corresponding BOPF's declined Rs. 20-40 per kg. Plainer BOP/BOPF's declined Rs. 20 per kg and more. Nuwara Eliya BOP's were irregular following quality, whilst the corresponding BOPF's were barely maintained. Uda Pussellawa BOP's sold around last week's levels. Corresponding BOPF's declined Rs. 10-20 per kg, whilst the Uva BOP/BOPF's declined by a similar margin.   

High and Medium Grown CTC teas met with better demand and most teas on offer gained by Rs. 20 per kg on average, whilst select invoices appreciated substantially following special inquiry. Corresponding Low Grown varieties - BP1's continued to sell around last week's levels, whilst the PF1's were firm and Rs. 10-20 per kg lower with the poorer sorts being difficult of sale.

Low Growns comprised of 3.7 million Kgs.  In the Leafy/Semi Leafy and Tippy catalogues, there was fair demand.

BOP1/OP1's in general were lower. However, teas at the bottom were fully firm.  A selection of well-made OP/OPA's together with teas at the bottom were firm, whilst the others were easier. Well-made PEK/PEK1's were firm to selectively dearer. Balance were irregular following quality.

In the Tippy catalogues, Select Best FBOP/FF1's were lower. However, teas in the Best category sold around last levels. Below Best and teas at the bottom, which were firm at the commencement, declined towards the closure. In the Premium catalogue, well-made Tippy teas were firm to selectively dearer, whilst the others were lower following quality.

TEA AUCTION DETAILS

AUCTION NO.

05

04

Dates

01st/ 02nd Feb 2021
No. of Lots     No. of Kgs

25th/ 26th Jan 2021
No. of Lots     No. of Kgs

Ex Estate

860

992,368 kg

965

1,118,151 kg

High & Medium 1,574

 

761,630 kg

1,746

 

880,302 kg

Low Growns        Leafy

Semi Leafy

2,336

1,799

1,062,241 kg
939,342 kg

2,317

1,745

1,098,869 kg
952,739 kg

Tippy

2,102

1,145,374 kg

2,126

1,191,695 kg

Premium/Flowery

405

73,260 kg

441

81,809 kg

Off Grades

2,323

1,313,916 kg

2,266

1,278,669 kg

Dust

664

680,619 kg

747

796,553 kg

Grand  Total

12,063

6,968,750 kg

12,353

7,398,787 kg