Quantities at the Colombo Tea Auction this week contracted marginally with the total offering having stood at 6.1 M/Kgs, a dip from 6.2 M/Kgs recorded the previous week.
Although High and Medium Grown small leaf teas continue to struggle, Low Grown was observed to have picked up due to good demand.
With this week concluding the 46th sale of the year, it was observed shippers to Turkey, Dubai, Iraq, Kuwait, Saudi Arabia, together with CIS continued to remain active.
The latest tea market report by Forbes & Walker Tea Brokers showed that the ex-estate offerings comprised of 1.0 M/Kgs and recorded a further decline on last week’s 1.1 M/Kgs.
“Overall quality of teas from the Western and Nuwara Eliya planting districts were mostly lower to last whilst teas from the Eastern sector were mostly similar to last,” stated Forbes & Walker. Best Western BOP/BOPF’s declined Rs. 10 to Rs. 20 per kg whilst teas in the below best and plainer categories declined by an average of Rs. 10 per kg.
It was pointed out that teas from Nuwara Eliya were difficult to push largely due to relatively uninteresting levels of quality.
Uva/Udapussellawa’s were irregular with select BOP/BOPF’s appreciating Rs. 10 per kg and Rs. 10 to 20 per kg respectively.
High and Medium Grown CTC teas also witnessed a slightly easier trend with the exception of select clean leaf teas that were firm to marginally dearer whilst the corresponding Low Grown types were often irregular and barely steady on last week’s levels.
The limited availability of liquoring leafy teas continued to meet with very limited inquiry and sold between Rs. 400-450/- per kg.
Showing fair demand, Low Growns totalled 2.9M/kgs in the Leafy/Tippy catalogues this week.
While in the Leafy catalogue select best BOP1/OP1’s were irregular and lower, others, particularly the clean below best sorts, were fully firm. Better OP/OPA’s too were irregularly lower, others maintained last levels.
A few select best PEK/PEK1’s together with a range of bold PEK’s too maintained whilst others were barely steady.
In the Tippy catalogue better FBOP/FF1’s together with the cleaner secondaries were fully firm to dearer. At the lower end too prices were fully firm.
In the Premium catalogue too most teas were fully firm to irregularly dearer, observed Forbes & Walker.