Weekly Tea Market Report

WEEKLY TEA MARKET REPORT - SALE NO: 46 - 19TH/ 20TH NOVEMBER 2019

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.

Tea Auction Details

AUCTION NO.

48

47

Dates

03rd/04th Dec 2019
No. of Lots     No. of Kgs

726th/20th Nov 2019
No. of Lots     No. of Kgs

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
932,511 kg

3,811

2,051

1,572,008 kg
1,037,400 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