Weekly Tea Market Report

WEEKLY TEA MARKET REPORT SALE NO: 15 - 16^TH/17^TH APRIL 2024

A total of 5.0 million Kgs was on offer this week. There was good general demand. Leafy teas were often firm and easier. Small Leaf liquoring types - Better teas continued to sell well, whilst the others were often irregular.

Ex-Estate offerings were marginally lower to last and totalled 0.7  million  Kgs. Overall quality of teas though lower to last still had on offer a fair selection of reasonably bright teas, particularly from the Western and Nuwara Eliya planting districts.

Best Western BOP/BOPF's sold at firm to dearer rates with select invoices appreciating following special inquiry. In the Below Best category, select neat leaf coloury BOP's were firm and up to Rs. 50 per kg dearer, whilst the others were lower by a similar margin. Plainer BOP's declined by Rs. 50 per kg and more for the poor leaf teas.

Corresponding BOPF's in the Below Best category - Neat leaf/bright liquoring invoices were firm and Rs. 20-30 per kg dearer, whilst the others together with the Plainer sorts were irregular. Nuwara Eliya BOP/BOPF's were irregular following quality. Uda Pussellawa BOP's declined by Rs. 50 per kg and at times more, whilst the corresponding BOPF's which were mostly unsold at the commencement due to a lack of suitable bids, appreciated to close around last week's levels. Uva - Neat leaf BOP's were firm and Rs. 20-40 per kg easier, whilst the others were neglected. Corresponding BOPF's - Select high-priced teas of last week declined by up to Rs. 100 per kg, whilst the others were mostly firm.

High & Medium Grown CTC's - Better sorts were generally firm, whilst the others were often irregular following quality. Corresponding Low Grown types - BP1's were firm and dearer, whilst the PF1's gained by up to Rs. 50 per kg.

Low Growns comprised of 1.94  million Kgs and all categories met with fair demand. Shippers to the CIS and Türkiye were active, in general.

In the Leafy catalogues, Select Best BOP1's were easier, whilst the balance sold around last levels. OP1's, in general, were lower. Few Select Best OP/OPA's were firm, whilst the balance eased. PEK's sold around last levels, whilst the PEK1's appreciated.

In the Tippy catalogues, well-made FBOP's together with the clean leaf Below Best and the clean leaf teas at the bottom were firm. Balance were easier following quality. Well-made FF1's were firm to easier, whilst the clean leaf Below Best and the clean leaf teas at the bottom sold around last levels. Balance were lower.

In the Premium catalogues, very Tippy teas met with fair demand, whilst the Best and Below Best were easier. However, the leafier varieties were substantially lower and at times unsellable due to a lack of suitable bids.

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