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Last Updated : 2024-05-08 08:18:00
At the Colombo Tea Auction, the offerings declined to 4.6 million kilogrammes this week that was met with fair demand.
The Ex-Estate offerings too declined and totalled 0.60 million kilogrammes, from 0.70 million kilogrammes the previous week. The overall quality of the teas was not as useful and perhaps against the backdrop of the limited availability, the prices were reasonably maintained, Forbes and Walker Tea Brokers said.
The Best Western BOP/BOPFs, where quality was maintained, were mostly firm, whilst the others declined by Rs.50 per kilogramme and more following quality. In the Below Best category, a few select coloury BOPs appreciated, following special inquiry, whilst the others were firm and up to Rs.50 per kilogramme easier. The corresponding BOPFs sold around last.
At the lower end, the BOPs were barely steady, whilst the corresponding BOPFs were Rs.20-30 per easier, except for select clean leaf coloury sorts, which sold around last week’s levels.
The Nuwara Eliyas continued to sell well. The Uda Pussellawa BOPs were barely maintained, whilst the corresponding BOPFs were Rs.20-30 per kilogramme easier. The Uvas were barely maintained.
The High and Medium Grown CTCs – BP1s, had hardly any offerings. The PF1s – Better teas, were firm and up to Rs.50 per kilogramme easier, whilst the poorer sorts, particularly in the Mid Grown category, were often neglected. The corresponding Low Grown varieties – BP1s, were generally firm, whilst the PF1s too were generally firm, except for the poorer sorts, which declined by up to Rs.50 per kilogramme on average.
The Low Growns comprised of 1.73 million kilogrammes and all categories met with fair demand. The shippers to the CIS, Turkey and Iran were active, in general.
In the Leafy/Semi-Leafy catalogues, the BOP1s in general were firm, whilst the OP1s were lower. The well-made OPs were firm, whilst the balance was easier. The OPAs, in general, were lower. The PEKs were firm to dearer. The Select Best PEK1s were easier, whilst the balance was firm to selectively dearer.
In the Tippy catalogues, the FBOPs in general were firm, whilst the bolder varieties were firm to selectively dearer. The well-made FF1s together with the clean leaf Below Best were firm, whilst the balance was easier, following quality.
In the Premium catalogues, the Very Tippy teas met with good demand and were substantially dearer. The Best and Below Best varieties too were dearer to a lesser extent, whilst the balance sold around last levels.
Siripala Saturday, 27 April 2024 07:10 AM
RW talks about Export oriented economy, what the hell they have done for the industry.
Paul Pillai Saturday, 27 April 2024 04:35 PM
This is mainly due to the appreciation of the Rupee against the Dollar. I Guess.
Joe Saturday, 27 April 2024 04:11 PM
Time to slowly remove ourselves from the auction. Instead encourage individual branding and value addition to build names in the tea world like the wine industry does. Sri Lankas big tea exporters are just a bunch of slave masters who are profiting from slave labour but lacks cutting edge and creativity to go as their own brands to the international market.
Sam Silva Saturday, 27 April 2024 05:33 PM
Hey Joe, Seems you are so ignorant and clueless about the tea industry. First work in a tea estate and start plucking.
Siripala Saturday, 27 April 2024 06:39 PM
Dear Paul - Here they talk about volume, not value. Normally, in Colombo sales on weekly average, sell neighborhood of 6 M Tons ( last week it was 4.6). This is nothing but the implication of fertilizer (high price) with climatic changes.
Joe Saturday, 27 April 2024 10:52 PM
Looks like Sammy is not ready to give up the indulgences afforded through the slave labour of the poor workers.
Sam Silva Sunday, 28 April 2024 02:56 AM
@joe Do you have any idea how much these so called slaves make for a day. Top of that they get benefits . Probably they must be making more than you. Due to acute shortage of labor, they are in high demand but productivity is lowest compared with other nations who are not earning half what our tea workers are making. They are given free lodging and utilities. No transportation. Main issue is most of these workers spend more on their alcohol. Men stay home and drink. You should visit one of these estate and work with them to know the reality. On the other hand most of the tea estates are operating on loans Some of these are shutdown due to unpaid loans
Jude Sunday, 28 April 2024 09:14 AM
SL fading fast in the world biggest tea export rankings!!
Joe Sunday, 28 April 2024 12:28 PM
Well Sam, that's the other side of the same problem. Labour shortage is faced by every industry. Effects by it are massively heightened due tto he lack of innovation in the tea industry. You know in places like Tasmania they grow tea now with minimum labour and we're not priced out from the machinery they use also. Lankan tea industry is like a little mafia club who runs it the same way the British left behind and losing ground to new players every yeah and cry foul when their incomes dwindle. You can think about it when you go on a tea tasting tour in Kenya or Australia and buying an exciting blended tea packet from their gift shop.
Sam Silva Sunday, 28 April 2024 05:38 PM
Joe Seems you have changed the topic from slavery to others. We were discussing about the slavery you addressed and not tea tasting, machines nor visiting gifts shops. Not sure where you got the idea about mafia club. You really need to educate yourself how the tea industry works. Not gossip. Start as a tea plucker and study the tea industry if you really want the facts.
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