Wednesday, December 18, 2019

Tea Market Report: More general demand for Westerns in Ex Estate catalogues

There was more general demand for Westerns in the Ex-Estate catalogues this week. Best Western BOPs gained Rs. 20 to Rs. 30. Some improved below best moved up a further Rs. 10; others were fully firm.

These were the results at the 50thWeekly sale which concluded yesterday.

Asia Siyaka Commodity Brokers Ltd’s Senior Vice President SohanSamaranayake told Daily News Business yesterday that Select best Western BOPFs gained Rs. 20 to Rs. 30; other better teas moved up Rs. 30 to Rs. 70 and at times more; poorer teas were irregular with marginally cleaner teas gained Rs. 10 to Rs. 20. Nuwara Eliya BOP / BOPFs were lower. Best Udapusssellawa BOPs declined following quality; others were firm. Better BOPFs gained Rs. 10 to Rs. 20; others were firm.

High priced Uva BOPs were sharply lower; others were firm. Best BOPFs lost Rs. 20 to Rs. 30; others gained Rs. 10 to Rs. 20.

Stylish Medium BOPs moved up a further Rs. 20 to Rs. 30. BOPFs gained Rs. 10 to Rs. 20. High priced CTC PF1s were irregular; some improved liquoring teas gained Rs. 10. Bottom was firm. Best BP1s moved up Rs. 10 to Rs. 20; others were firm.

Low Growns met with fair general demand. BOP1s / OP1s held firm. OPs were sold at dearer rates. OPAs were firm on last. Pekoes sold at lower rates. Peke1’s were marginally lower.

 

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