Weekly Tea Market Report

WEEKLY TEA MARKET REPORT - SALE NO: 12 - 21ST/ 22ND MARCH 2023

Offerings totalled 5.2 million Kgs. There was good demand, particularly for teas at the lower end of the market (tea for price category).    

Ex-Estate offerings were fairly similar to last and totalled 0.74 million Kgs. Overall quality was lower to last, particularly teas from the Western Planting districts.   

Best Western BOP/BOPF's which were limited in offer were firm to marginally dearer on last following special inquiry, whilst the others declined by an average Rs. 50 per kg. In the Below Best and Plainer categories, BOP's declined Rs. 50-100 per kg, whilst the corresponding BOPF's were mostly firm. Nuwara Eliya BOP's were irregular and marginally easier following quality, whilst there were hardly any BOPF's on offer. Uda Pussellawa - Better BOP's were irregular, whilst the others were barely steady. Uva BOP's - Better sorts declined Rs. 100 per kg and more, whilst the others were lower to a lesser extent. Uva/Uda Pussellawa corresponding BOPF's - Best available were firm and tended dearer, whilst the others sold around last week's levels though irregular following quality.

High and Medium Grown CTC teas were mostly firm. Low Gown types - BP1's, select invoices were substantially dearer, whilst the others together with the PF1's were firm and up to Rs. 50 per kg dearer.

Low Growns comprised 2.1 million Kgs. The market met with fair demand.

In the Leafy and Semi Leafy catalogues, a few select Best OP1/BOP1's were firm to dearer, whilst the balance were firm.  Well-made OP/OPA's were firm to selectively dearer following quality, whilst the Best and Below Best together with the poorer varieties eased. Well-made PEK/PEK1's were firm to selectively dearer. Best and Below Best varieties too met with fair demand, whilst the poorer sorts were fully firm.

In the Tippy catalogues, a selection of select Best FBOP's were firm to selectively dearer on special inquiry, whilst the balance were firm. However, the teas at the bottom appreciated. Well-made FF1's were firm to marginally easier, whilst the balance sold around last levels.

In the Premium catalogues, very Tippy teas together with the Best declined, whilst the Below Best varieties sold around last levels. Teas at the bottom too were easier. However, the leafier varieties appreciated.

TEA AUCTION DETAILS

AUCTION NO.

14

13

Dates

03th / 04th Apr 2023
No. of Lots     No. of Kgs

28th / 29th Mar 2023
No. of Lots     No. of Kgs

Ex Estate

721

778,764 kg

707

742,311 kg

High & Medium 1,487

669,387 kg

1,550

676,827 kg

Low Growns        Leafy

Semi Leafy

2,014

1,514

770,159 kg
664,457 kg

2,004

1,468

726,100 kg
606,846 kg

Tippy

1,750

850,087 kg

1,936

918,360 kg

Premium/Flowery

214

38,785 kg

348

55,289 kg

Off Grades

2,186

1,110,820 kg

1,987

979,571 kg

Dust

572

522,657 kg

495

450,386 kg

Grand  Total

10,458

5,405,116 kg

10,495

5,155,690 kg

(Source- Forbes & Walker Tea Brokers)