Total Auction offerings were similar to last and totalled a 7.8 m/kgs. Leafy Low Grown’s witnessed a mixed trend in demand. High Grown small leaf teas continued to encounter strong demand for the better quality teas whilst the plainer sorts declined in value.
Perhaps the change in the market sentiment is a consequence to more favourable growing conditions in the plantations over the past couple of days - in anticipation of better availability in the short term.
Ex-Estate offerings were similar to last and totalled a 1.2 m/kgs. Once again, overall quality of teas on offer maintained a fairly useful standard. Western BOP/BOPF’s - best available gained Rs. 20 per kg and substantially more for select invoices following special inquiry. In the below best category brighter BOP’s gained up to Rs. 20 per kg whilst the corresponding BOPF’s were irregular and barely steady. Plainer clean leaf BOP’s were firm whilst the others tended easier. Corresponding BOPF’s were Rs.10 to 20 per kg lower.
Nuwara Eliya’s brighter BOP’s were up to Rs. 50 per kg dearer whilst the others were barely steady. Corresponding BOPF’s declined up to Rs. 50 per kg. Uva/Udapussellawa BOP’s were Rs. 20 to 30 per kg lower whilst the corresponding BOPF’s were Rs. 20 to 40 per kg easier. Liquoring leafy teas - a wider selection of teas on offer this week met with good demand and prices ranged between Rs. 750 to 1400 per kg.
Improved activity from shippers to UK, the Continent, China and Japan for the better liquoring teas whilst shippers to CIS continued to bid on a wider cross section of the teas.
Low Growns comprised of 3.4M/kgs in the Leafy/Tippy catalogues. There was good demand. In the Leafy catalogue BOP/OP1’s were fully firm to dearer whilst OP/OPA’s too followed similar trend. PEK/PEK1’s too maintained last levels with the teas at the lower end particularly gaining by Rs.10 to 15 per kg at times.
In the Tippy catalogue better FBOP/FF1’s though irregular were fully firm whilst the cleaner secondaries were firm to irregularly dearer following quality. (Forbes & Walker Tea Market Report)
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