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 |
25th/ 26th Jan 2021 |
||
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 |
2,317 1,745 |
1,098,869 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 |
