Weekly Tea Market Report

WEEKLY TEA MARKET REPORT - SALE NO: 37 - 19TH/ 20TH SEPTEMBER 2023

Auction offerings continued to be maintained around the 5.0 million Kgs mark. There was fair general demand and price realisation was often closely following quality.

Ex-Estate offerings too were similar to last and totalled 0.7 million Kgs. Overall quality of teas on offer showed no significant change.

Best Westerns - A few select BOP/BOPF invoices gained Rs. 50-100 per kg following special inquiry, whilst the others were irregular and up to Rs. 50 per kg easier. In the Below Best category, a few select improved BOP's appreciated by up to Rs. 50 per kg, whilst the others were barely steady. Corresponding BOPF's followed a similar trend and gained Rs. 20-40 per kg for the brighter teas, whilst the others often declined by a similar margin. At the lower end, BOP's declined by Rs. 20-30 per kg, whilst the corresponding BOPF's were firm and up to Rs. 50 per kg easier. Nuwara Eliya BOP's were mostly unsold. Corresponding BOPF's - Better teas sold around last, whilst the others were irregular and often easier. Uda Pussellawa - Better BOP/BOPF's declined by Rs. 50-100 per kg and Rs. 50-70 per kg respectively. Uva BOP's declined up to Rs. 100 per kg with many withdrawals, whilst the corresponding BOPF's eased by Rs. 20-40 per kg.

High & Medium Grown CTC's - BP1's were irregular and barely steady. PF1's - Better sorts sold around last, whilst the others were irregular following quality. Corresponding Low Grown varieties - BP1's were mostly firm. PF1's - Few select invoices were firm, whilst the others declined by Rs. 50-100 per kg  

Low Grown offerings were similar to last and totalled 2.1 million Kgs. Leafy, Semi-Leafy and Tippy catalogues met with fair demand.     

In the Leafy catalogues, select Best OP1's were firm. Teas in the Best and Below Best categories appreciated, whilst the teas at the bottom sold around last levels. Select Best BOP1's were firm, whilst the balance were easier. A few high-priced OP's appreciated, whilst the balance were irregularly easier. OPA's, in general, declined. PEK's were lower, whilst the PEK1's were fully firm. 

In the Tippy catalogues, select Best FBOP's were firm to selectively dearer. Teas in the Best and Below Best categories together with teas at the bottom were easier. Well-made FF1's together with the cleaner Below Best were firm, whilst the balance were irregular following quality.

In the Premium catalogues, very Tippy teas sold around last levels. Teas in the Best category together with the cleaner Below Best appreciated, whilst the balance were fully firm.

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