Low Grown on the other hand continues to be healthy with crops recording steady increases due to favourable weather conditions experienced during the month. Quantities on offer towards the middle of July and into August will be much lower, but we should see improved seasonal quality coming through from the Eastern sector.
Sri Lanka Tea Crop for the month of May 2010 at 30.2 mkgs is once again significantly higher compared to the corresponding month of 2009 at 25.5 mkgs.
As at end May, the increase over last year, stands at 28.6 mkgs with the bulk of the contribution coming from Medium and Low grown elevations.
Interestingly in comparison to the year 2008, which was the highest on record of 318 mkgs, the deficit shows a negative variance of only 10 mkgs to end May.
If favourable weather prevails during the balance period of the year, there is every likelihood that Sri Lanka Crop in 2010 will come very close to the record year of 2008.
The 1.3 mkgs of Ex estate teas that came up for sale today met with fair demand. Better Western High Grown BOP/BOPFs were Rs 5 to Rs 10 dearer, whilst the below best types were Rs 5 to Rs 10 easier and irregular. Plainer types were firm to irregularly lower.
Nuwara Eliya BOP mostly maintained, whilst the BOPFs were a little easier. Uva BOP/BOPFs declined Rs 10 on average. Low grown PF1s gained
Rs 10 to Rs 20, whilst High and Medium types tended lower.
There was good demand for the Low Growns. The 3.2 mkg that were on offer this week by any means is quite a large volume, and despite this the interest and demand that was displayed was quite encouraging. In the Leafy category, the select best BOP1/OP1s shed a few rupees, however the best types in these two categories sold above last levels. The OP/OPAs advanced Rs 5 to Rs 10 whilst the Pekoe’s too gained in value.
In the Small leaf category, the FBOPs and FF1s more or less maintained last levels, however the interest displayed for the best Tippy varieties was pleasing and yet again prices were stronger. However the poor types were a weaker feature.
Excellent demand prevailed from Russia, Iran, Iraq and Turkey, whilst Dubai, Syria, Saudi Arabia and other Middle Eastern markets were quite active.
Western Teas
Select best BOPs were firm to marginally easier, Other Good Invoices shed Rs 5, Below Best sorts eased Rs 5 to Rs 10, plainer varieties were firm to irregular.
Select Best BOPFs were firm to easier, other good invoices gained Rs 5 to Rs 10, Below Best sorts eased Rs 5 to Rs 10 on average, plainer varieties were firm to easier. Medium BOP/BOPFs advanced Rs 5 to Rs 10.
Nuwara Eliya Teas
BOPs were firm to Rs 5 easier. BOPFs shed Rs 5 on average.
Uva Teas
Coloury BOPs declined Rs 15 to Rs 20, others were mostly firm. Coloury BOPFs declined Rs 5, others were firm to easier. Udapussellawa BOP/BOPFs declined Rs 10 to Rs 15.
CTC Teas
Low Grown PF1s advanced Rs 10 to Rs 20. BP1s shed Rs 10. High and Medium PF1s were firm to marginally lower. BP1s were Rs 5 to Rs 10 easier.
Low Growns
Fair demand. Select Best OP1s eased Rs 5 to Rs 10, Best types maintained last levels, however the Below Best and poor sorts tended low Rs 5 to Rs 10 following quality. Select Best BOP1s shed Rs 10 to Rs 20, Best types along with the Below Best types were fully firm, poor types too low by Rs 5 to Rs 10. Select Best OP/OPAs were mainly firm, Best types met with excellent demand and gained sharply by Rs 10 to Rs 15, Below Best sorts were steady, poor stalky varieties shed Rs 5 to Rs 10 and more at times. Select Best Pekoes varieties appreciated Rs 10 to Rs 20, the balance were steady. Shotty Pekoe1s were firm to Rs 5 to Rs 10 dearer, however the balance were firm on last levels.
Select Best and Best BOPs maintained last levels, Below Best types were firm, poorer sorts advanced Rs 5. Select Best and Best BOP.SPs maintained last levels, Below Best and poorer types were lower by Rs 5 to Rs 10. Select Best FBOPs were firm, Best types were slightly lower to last, Below Best types were firm, poorest were lower by Rs 5 to Rs 10. Select Best FBOPF1s eased Rs 5 to Rs 10, however the Best and Below Best types moved by Rs 5 to Rs 10, whilst the poorer types were easier by Rs 5 to Rs 10. Select Best tippy varieties met with good demand and advanced above last levels, Below Best and poor sorts were irregularly lower to last.
Off Grades
Select Best liquoring Fngs1s depreciated Rs 10, Below Best and Best were lower by Rs 10, poorer sorts were easier to last by Rs 10. Select Best BMs appreciated Rs 5 to Rs 10, whilst the Best moved up Rs 10, Below Best and poorer sorts were irregularly dearer by Rs 5. All clean BPs appreciated Rs 5, poorer sorts depreciated Rs 10 and more at times.
All Low Grown Fngs appreciated Rs 10 to Rs 15. Select Best and Best BOP1As were firm to dearer by Rs 5 to Rs 10, whilst Below Best and others were lower to last by an average of Rs 10.
Dust
Low demand. Select Best Dust1s declined Rs 5 to Rs 10, others in the Best and Below Best category declined Rs 10 to Rs 15, whilst the poorer sorts declined further. Clean secondaries shed Rs 5 to Rs 10, whilst the balance were firm. Best Low Grown Dust/Dust1s appreciated Rs 15 to Rs 20, whilst the balance eased Rs 10 to Rs 15.
source - www.dailynews.lk
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