Weekly Tea Market Report

WEEKLY TEA MARKET REPORT - SALE NO: 31 - 08TH/ 09TH AUGUST 2022

Total auction offerings were fairly similar to last and totalled 5.3 million Kgs. There was good demand.  

Ex-Estate offerings were marginally higher to last and totalled 0.63 million Kgs. Excellent demand once again.

Western BOP's in the Best and Below Best categories were firm and Rs. 100-200 per kg dearer selectively following special inquiry. Corresponding BOPF's - Select high priced teas of last week were irregular, whilst the others gained up to Rs. 100 per kg. BOPF's in the Below Best category appreciated Rs. 100-150 per kg. At the lower end, BOP's declined Rs. 100-150 per kg. Corresponding BOPF's particularly the clean leaf types appreciated Rs. 150-200 per kg, whilst the others were dearer to a lesser extent. Nuwara Eliyas' together with the Uda Pussellawas' were generally firm. Uva - Seasonal teas were irregular and prices tend to fluctuate following quality, whilst the other non-seasonal BOP's were Rs. 100-150 per kg lower. Corresponding BOPF's gained Rs. 50-100 per kg, particularly for the neat leaf coloury varieties.

High and Medium Grown CTC's - BP1's were irregular following limited inquiry. PF1's appreciated by Rs. 100-200 per kg for the better sorts, whilst the other thinner liquoring types were irregular and barely steady. Corresponding Low Grown varieties - BP1's were mostly firm, whilst the PF1's were firm to marginally easier.  

Improved activity for the liquoring teas from Japan and the continent, whilst shippers to the CIS bid on a wide cross-section of the teas.

Low Growns comprised of 2.3 million Kgs in the Leafy/Semi Leafy and Tippy catalogues. There was fair demand. Well-made teas were firm, whilst the Below Best and teas at the bottom end were easier following quality.

In the Leafy & Semi Leafy catalogues, select Best OP1/BOP1's were barely steady, whilst the Below Best varieties too were easier. Teas at the lower end maintained. Well-made OP/OPA's in general were fully firm to selectively dearer, whilst the others and poorer sorts maintained. Select Best PEK/PEK1's maintained, whilst the Below Best varieties were fully firm to selectively dearer. Teas at the lower end were marginally easier.

In the Tippy catalogues, well-made FBOP's together with the cleaner Below Best sold around last levels, whilst the balance were irregular following quality. Select Best and Best FF1's were firm to marginally easier, whilst the Below Best and teas at the bottom declined.

In the Premium catalogues, very Tippy teas continued to attract good demand. Best were firm to easier, whilst the Below Best and teas at the bottom declined.

TEA AUCTION DETAILS