Weekly Tea Market Report

WEEKLY TEA MARKET REPORT SALE NO 45 11TH/12TH NOVEMBER 2024

Total Auction offerings declined to 5.4 million Kgs from a 6.0 million Kg on offer the previous week. There was less demand for the liquoring teas, whilst the Low Growns met with fair demand, in general.

Ex-Estate offerings were down to 0.7 million Kgs from a 0.8 million Kgs the previous week. A few select teas from the Western slopes remained useful, whilst the others showed a decline in general. Perhaps the increased availability of average to fair quality teas placed downward pressure at the lower end of the market.

High Grown Westerns - A few select BOP/BOPF's were firm and dearer, whilst the others declined by Rs. 50 per kg and more. In the Below Best category, BOP/BOPF's declined by Rs. 50 per kg and more following quality, whilst BOP/BOPF's at the lower end declined by Rs. 50-60 per kg and more for the poorer types. A few select Nuwara Eliya BOP's continued to sell well, whilst the corresponding BOPF's met with less demand. Uda Pussellawa BOP's were barely steady, whilst the corresponding BOPF's eased by Rs. 40-50 per kg and sold at the lower end of the market. Uva - High-priced BOP/BOPF's were sharply lower, whilst the others were up to Rs. 50 per kg easier.

High & Medium Grown CTC's too followed a similar trend and an easier market in most instances. Low Grown varieties - BP1's were mostly unsold and where sold, substantially lower to last, whilst the PF1's continued to sell around last week's levels with the poorest neglected.

Less activity from shippers to the UK, the continent and South Africa. Perhaps selective buying from shippers to China and the CIS.

Low Growns comprised of 2.3 million Kgs. All categories met with fair demand.

In the Leafy and Semi-Leafy catalogues, well-made BOP1's maintained, whilst the Below Best together with the bolder varieties appreciated. Balance sold around last levels. Select Best and Best OP1's were firm, whilst the balance were easier. OP's/OPA's, in general, sold around last levels. Select Best PEK's sold around last levels, whilst the balance appreciated. However, the PEK1's declined.

Well-made FBOP's were maintained around last. Cleaner Below Best together with the bolder varieties appreciated, whilst the balance sold around last levels. Well-made FF1's were firm to selectively dearer, whilst the Best together with the Below Best appreciated. The balance sold around last levels.

In the Premium catalogue, Very Tippy teas met with good demand and were firm. Best, Below Best and the cleaner teas at the bottom appreciated, whilst the balance sold around last levels. The Leafier varieties, in general, were dearer.

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