John Keells Tea Market Report:
Excellent demand for Low Growns
The 1.2 mkgs of Ex-estate teas on offer met with fair demand. Western
High Grown BOPs were Rs 10 to Rs 15 lower whilst BOPFs were firm to a
little dearer for the plainer invoices and Rs 5 to Rs 15 lower for the
rest. Nuwara Eliya BOPs were much lower with a fair weight selling below
Rs 300 which on average was Rs 20 to Rs 30 easier than the previous
weeks prices. BOPFs however maintained for the brighter teas whilst
others lost Rs 5 to Rs 10 Uva BOP and BOPFs too declined Rs 10 to Rs 15
on average.
The
top end of the Low Grown CTC PF1s was somewhat easier whilst others were
firm to a little dearer. High and Medium types that were firm at the
commencement declined a few rupees as the sale progressed.
The tea bag sector and Russia lent good support, whilst UK, Japan and
Continental buyers too were active following quality.
The 3.3 mkgs of Low Growns on offer at the final sale of the year met
with excellent demand. In the leafy category BOP1s led the way with an
invoice of Sithaka BOP1 establishing an All Time Record Price of Rs.770
per kg. surpassing the previous best of Rs 740 established by the same
tea factory in the previous week.
Top end of the OP1s sold around Rs 600 levels. Pekoes too met with
excellent demand with prices appreciating as the sale progressed. OP and
OPAs were mainly firm. In the small leaf category FBOP and FBOPF1s
continued its bullish trend with prices appreciating a few Rupees.
Tippy varieties too appreciated in value.
In the absence of an auction in the final week of the year, it was
evident that most buyers were looking to finalize the contracts in hand.
There was excellent demand from Russia, Iran, Iraq, whilst Dubai,
Jordon, Saudi Arabia, Libya, Syria and other Middle Eastern countries
also lent useful support.
Western Teas
Select Best BOPs shed Rs 10 to Rs 15, other good invoices declined Rs
10, Below Best sorts were firm to Rs 5 easier, plainer varieties
declined Rs 5 to Rs 10. Select Best BOPF eased Rs. 10 to Rs 15, other
good invoices shed Rs 10, Below Best sorts declined Rs 5 to Rs 10,
plainer varieties were firm to Rs 5 dearer. Medium BOPs were firm. BOPF
shed Rs 5 to Rs 10.
Nuwara Eliya Teas
BOPs declined Rs 20 to Rs 30, while the BOPF were firm to Rs 10
easier.
Uva Teas
BOPs declined Rs 10 to Rs 15, BOPF too shed Rs 15 to Rs 20 on
average. Udapussellawa BOPs declined Rs 15 to Rs 20, BOPF shed Rs 10 to
Rs 15 on average.
CTC Teas
Select Best Low Grown PF1s declined Rs 10 to Rs 15 whilst the others
were firm to marginally dearer. BP1s gained Rs 15 to Rs 20. High and
Medium PF1s shed Rs 5 to Rs 10 as the sale progressed. BP1s declined Rs
10 to Rs 15 on average.
Low Growns
Fair demand. Select Best OP1s eased Rs 10 to Rs 20 and more at times,
Best types too were lower by a similar margin, Below Best and poor sorts
were irregularly lower by Rs 5 to Rs 10. Select Best BOP1s appreciated
Rs 10 to Rs 20, Best types were steady, however Below Best and poor
sorts tended lower by Rs 5 to Rs 10. Select Best OPAs eased Rs 10 on
average, the balance were firm to Rs 5 to Rs 10 lower.
Select Best OPs shed Rs 10 to Rs 20, Best types were firm on last
levels, Below Best and poor sorts were irregularly lower by Rs 5 to Rs
10 Select Best Pekoes were firm to dearer, the Best along with the Below
Best types were irregularly dearer by Rs 10 to Rs 15, flaky types
declined Rs 5 to Rs 10.
Select Best Pekoe1s were irregularly lower by Rs 5 to Rs 10, however
the Best types advanced sharply by Rs 10 to Rs 20, Below Best and poor
sorts were irregularly dearer by Rs 5 to Rs 10.
Select Best and Best BOP and BOP.SP advanced Rs 5 per Kg., Below Best
types were firm, poor types too were steady.
Select Best and Best FBOPs advanced Rs 10 to Rs 20, Below Best types
gained Rs 10 to Rs 15. Poorer types gained up Rs 5. Select Best and Best
FF1s advanced Rs 5 to Rs 10, Below Best and poor sorts were firm.
Select Best Tippy varieties met with good demand and advanced on last
levels, Best types too gained above last, Below Best and poorer types
advanced Rs 15 to Rs 30.
Off Grades
Select Best liquoring FNGS1s sold at firm levels, whilst the Best and
the Below Best types appreciated Rs 5 to Rs 10, poorer sorts were dearer
by Rs 10.
Select Best BMs were lower by Rs 10, Best and the Below Best types
were irregularly dearer by Rs 10, poorer sorts appreciated Rs 10 and
more at times.
Select Best BPs met with good demand whilst the poorer sorts
depreciated by Rs 20 and more at times.
All Low Grown FNGS appreciated Rs 10. Select Best BOP1As were lower
to last by Rs 10 to Rs 15, Best and Below Best too followed a similar
trend easing by Rs 5 to Rs 10, Poorer sorts too were lower by Rs 5 to Rs
10 and more at times.
Dust
Select Best Dust1s were firm, others in the Best and Below Best
category declined Rs 10 to Rs 15 while the poorer sorts declined
further. Clean secondaries shed Rs 5 to Rs 10 while the balance advanced
by a similar margin.
Best Low Grown Dust and Dust1s eased Rs 5 to Rs 10 while the balance
were irregularly lower. |