Auction offerings recorded a fairly significant decline and totalled 4.9 million Kgs. There was improved demand and a dearer trend in prices for most teas on offer, perhaps triggered by the lower volume on offer in the backdrop of urgent shipments.
Ex-Estate offerings were reasonably maintained and totalled 0.74 million Kgs. Overall quality - less availability of brighter sorts, whilst the others were reasonably maintained.
Westerns' - Select Best on offer were irregular and often easier, whilst the others together with teas in the Below Best and Plainer categories were often firm and Rs. 20-40 per kg dearer. Nuwara Eliyas' were a weak feature and mostly unsold due to a lack of suitable bids. Uda Pussellawa BOP's were barely maintained, whilst the corresponding BOPF's appreciated by Rs. 40-60 per kg. Uva BOP's sold around last levels, whilst the corresponding BOPF's gained by up to Rs. 100 per kg.
High & Medium Grown CTC's - BP1's in the High Grown category had hardly any offerings, whilst the limited availability in the Mid Grown category were irregular and easier. PF1's - Better sorts were firm and Rs. 20-30 per kg dearer. Others sold around last week's levels, whilst the poorest on offer witnessed better demand and less withdrawals. Corresponding Low Grown types sold around last.
Less activity from shippers to the UK, Japan and South Africa. Improved activity from the tea bag sector, whilst shippers to the CIS continued to participate in the usual manner.
Low Growns comprised of 2.07 million Kgs and Leafy, Semi-Leafy and Tippy categories met with good demand.
In the Leafy and Semi-Leafy catalogues, BOP1's together with Select Best OP1's were firm, whilst the Best were firm to dearer. However, the Below Best and teas at the Bottom were easier. OP/OPA's, in general, appreciated. Select Best PEK's were firm, whilst the Below Best were firm to dearer. Teas at the bottom were easier. Select Best and Best PEK1's were easier, whilst the balance sold around last levels.
In the Tippy catalogues, Select Best FBOP/FF1's were firm to selectively dearer, whilst the Best, Below Best and the clean leaf teas at the bottom appreciated. Balance were easier following quality.
In the Premium catalogues, Very Tippy teas met with good demand and were dearer. Below Best and the teas at the bottom too appreciated to a lesser extent.
TEA AUCTION DETAILS
AUCTION NO. |
20 |
19 |
||
Dates |
20th / 21st May 2024 |
14th / 15th May 2024 |
||
Ex Estate |
858 |
905,332 kg |
733 |
755,137 kg |
| High & Medium | 1,976 | 964,359 kg |
1,780 | 870,391 kg |
Low Growns Leafy Semi Leafy |
2,353 1,521 |
1,044,636 kg |
2,070 1,341 |
865,070 kg |
|
Tippy |
2,183 |
1,122,771 kg |
1,987 |
1,005,372 kg |
Premium/Flowery |
322 |
58,831 kg |
269 |
46,330 kg |
Off Grades |
2,358 |
1,216,795 kg |
2,018 |
997,156 kg |
Dust |
548 |
491,117 kg |
438 |
376,904 kg |
Grand Total |
12,119 |
6,497,182 kg |
10,636 |
5,508,020 kg |
(Source- Forbes & Walker Tea Brokers)
