Weekly Tea Market Report

WEEKLY TEA MARKET REPORT - SALE NO: 37 - 22ND/ 23RD SEPTEMBER 2020

A total of 5.5 million Kgs were on offer this week. There was good demand, perhaps triggered by the declining volumes.

Ex-Estate offerings were barely maintained and totalled 0.7 million Kgs. Overall quality showed an improvement, primarily teas from the Western slopes. Good demand particularly for the BOP's which were limited in availability.  

Best Western BOP's, where quality was maintained, gained Rs. 20-40 per kg, whilst the others were firm and dearer to a lesser extent. Corresponding BOPF's followed a similar trend and where improved, appreciated Rs. 20 per kg. In the Below Best category, a selection of BOP's gained Rs. 20-30 per kg and more following special inquiry, whilst the others were firm and dearer to a lesser extent. Corresponding BOPF's were irregular following quality. At the lower end, clean leaf BOP's gained Rs. 30-40 per kg, whilst the corresponding BOPF's gained Rs. 10-20 per kg - others were irregular and tended easier. Nuwara Eliya small leaf teas were limited in availability and prices were barely maintained. Uda Pussellawa BOP/BOPF's were firm and Rs. 20-30 per kg dearer. Uva BOP's gained Rs. 30-40 per kg, whilst the corresponding BOPF's were irregular with select invoices gaining substantially following special inquiry.  

High and Medium Grown CTC teas continued to be sluggish, whilst the corresponding Low Grown varieties continued to witness a buoyant market.   

Low Growns comprised of approximately 2.5 million Kgs in the Leafy/Semi Leafy and Tippy catalogues this week. Quality, in general, showed a decline to previous. There was fair demand.  In the Leafy catalogue, better OP1's were fully firm, whilst the better BOP1's were irregular. Others were generally firm to dearer. Select Best OP/OPA's were irregular, whilst the balance were fully firm to dearer. Stalky types at the lower end were easier. PEK1's too, sold well and were fully firm to dearer. PEK's commenced around last levels, but declined Rs. 10-20 per kg as the sale progressed. In the Tippy catalogues, better FBOP's were irregular, whilst the others maintained. FF1's too were generally lower to last. At the lower end, cleaner types maintained. Balance were easier. In the Premium catalogues, better teas were selectively dearer, whilst the others were irregular following quality.

Tea Auction Details

AUCTION NO.

39

38

Dates

06th / 07th Oct 2020
No. of Lots     No. of Kgs

29th / 30th Sep 2020
No. of Lots     No. of Kgs

Ex Estate

591

694,824 kg

588

680,398 kg

High & Medium 1,336

 

648,737 kg

1,356

 

650,119 kg

Low Growns        Leafy

Semi Leafy

2,002

1,534

852,247 kg
734,022 kg

1,962

1,547

828,497 kg
764,554 kg

Tippy

1,667

878,662 kg

1,703

910,527 kg

Premium/Flowery

335

59,880 kg

411

74,700 kg

Off Grades

2,209

1,202,706 kg

1,896

1,075,462 kg

Dust

438

404,496 kg

402

387,006 kg

Grand  Total

10,112

5,475,574 kg

9,865

5,371,263 kg