WEEKLY TEA MARKET REPORT - SALE NO: 26 - 07TH/ 08TH JULY 2020
A total of 7 million Kgs were on offer this week. Low Grown (large leaf teas) met with good demand, whilst the High and Mid Grown small leaf types witnessed fair demand at firm to easier rates following quality.
Ex-Estate catalogues had on offer a fairly similar volume to last and totalled 1.1 million Kgs. There was less activity perhaps following plainer quality.
Best Western BOP's, where quality was maintained, were firm and dearer following special inquiry, whilst the others together with the corresponding BOPF's declined Rs. 10-20 per kg. In the Below Best category, BOP's were irregular, whilst the Plainer sorts sold around last week's levels. Corresponding BOPF's declined Rs. 10-20 per kg in most instances. Uva/Uda Pussellawa BOP's were barely steady, whilst the corresponding BOPF's declined Rs. 20 per kg and more.
High and Mid Grown CTC teas, and particularly the PF1's, followed a similar trend and often declined by Rs. 20 per kg, whilst the limited availability of BP1's sold around last levels. Corresponding Low Grown varieties - BP1's strong demand, with select invoices gaining substantially, whilst the PF1's sold around last although prices tend to fluctuate following quality.
Low Growns comprised of approximately 2.9 million Kgs in the Leafy/Semi-Leafy and Tippy catalogues. There was good demand all around. A selection of better OP1's together with BOP1's gained on last, whilst others were mostly firm to dearer. OP/OPA's too were fully firm to dearer with a range of Below Best types, in particular, gaining Rs. 10-20 per kg. PEK/PEK1's were mostly dearer with the exception of a range of Below Best PEK1's that were irregular. In the Tippy catalogue, better FBOP/FF1's together with the cleaner secondaries sold around last levels. At the lower end too, prices were mostly firm for the cleaner types. Balance were irregular following quality. In the Premium catalogue too there was excellent demand with the better teas being fully firm to dearer. Others were firm, particularly where quality was maintained.
AUCTION NO. |
28 |
27 |
||
Dates |
21st/22nd Jul 2020 |
14th/15th Jul 2020 |
||
Ex Estate |
782 |
929,108 kg |
842 |
985,634 kg |
| High & Medium | 1,579
|
795,828 kg |
1,741
|
901,943 kg |
Low Growns Leafy Semi Leafy |
2,200 1,665 |
972,218 kg |
2,172 1,704 |
983,982 kg |
|
Tippy |
1,929 |
1,028,856 kg |
2,061 |
1,103,889 kg |
Premium/Flowery |
427 |
80,680 kg |
370 |
68,724 kg |
Off Grades |
2,481 |
1,441,372 kg |
2,256 |
2,189 kg |
Dust |
587 |
615,513 kg |
625 |
679,879 kg |
Grand Total |
11,650 |
6,680,735 kg |
11,771 |
6,892,606 kg |
