Tea Market Comment

MARKET: Tcom Market Page This week's Ex-estate sale of 1.0Mkgs on offer continued to receive good demand with wide spread buyer participation for both BOP's and BOPF's. The Western BOP's in the plainer and below best categories appreciated several rupees.

The better invoices on offer were irregular following quality. The plainer BOPF's however showed a slight decline in price in comparison to its BOP counterparts, whilst the below best and better invoices tended dearer.

Nuwara Eliya BOP's on average appreciated a few rupees, whereas the bright BOPF's gained sharply. Others were firm to a little easier. Uva BOP/BOPF's too were well received and prices were mostly firm to dearer.

There was very good demand for the best Low Grown CTC PF1's with significant price gains of around Rs.10/- to Rs.15/- and more. Other High Grown PF1's however was of a firm to easier market. Clean black leaf BP1's gained in value whilst others lost Rs.3/- to Rs.4/-.

There was fair inquiry from Japan, UK and the Continent, whilst good support was also lent by the tea bag sector. The main Russian buyer however was some what quite.