Weekly Tea Market Report

WEEKLY TEA MARKET REPORT - SALE NO: 46 - 22ND/ 23RD NOVEMBER 2022

Auction quantities continued to remain low and totalled 4.79 million Kgs vis-à-vis 5.8 million Kgs in the corresponding sale in 2021. There was good demand. 

Ex-Estate offerings too were minimal and totalled 0.62 million Kgs. Overall quality showed no significant change. Consequent to the limited offerings and there being no significant change in the offerings during the forthcoming sales, tea prices continued to be strong. 

Western BOP/BOPF's were mostly firm with prices fluctuating following quality. Nuwara Eliya BOP's were firm and dearer, whilst the corresponding BOPF's had hardly any offerings. Uda Pussellawas' were irregular and barely steady. Uva BOP/BOPF's were mostly firm. 

High & Medium Grown CTC's - BP1's had hardly any offerings, whilst the PF1's which were firm and Rs. 50-100 per kg dearer at the commencement where firm and dearer to a lesser extent by the close. Low Grown varieties were barely steady. 

Low Growns comprised of 2.0 million Kgs and met with improved demand. Well-made teas together with the cleaner secondaries were firm to dearer, whilst the others sold around last levels.

In the Leafy & Semi Leafy catalogues, select Best BOP1/OP1's maintained, whilst a range of clean Below Best varieties were fully firm to selectively dearer. Teas at the lower end gained substantially. Well-made OP/OPA's in general were fully firm to selectively dearer, whilst the poorer sorts met with improved demand. PEK/PEK1's, in general, were fully firm.

In the Tippy catalogues, well-made FBOP/FF1's were firm to selectively dearer, whilst the cleaner Below Best too followed a similar trend. Balance were fully firm.

In the Premium catalogues, very Tippy teas continued to attract good demand. Best sold around last levels, whilst the cleaner Below Best and cleaner teas at the bottom appreciated. Balance too appreciated to a lesser extent.

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