The bold Pekoes and the shotty Pekoe1s continued to sell at fully firm levels. Here again the poorer sorts were neglected.
The OP/OPAs too followed a similar trend with the poorer types being difficult of sale. The well made FBOP/FF1s and the Tippy varieties continued to sell well with the flaky varieties being neglected. A very similar tone to what we have seen in the last two to three weeks.
Considering the volumes that were on offer in the month of June and what is expected in the month of July sales, the demand is seen for Low Grown varieties are quite encouraging.
Also considering that world tea production for period January to May 2010, is approximately 100 Mkgs higher than the same period of last year.
There was excellent demand from Russia, Iran and Iraq, whilst Syria, Dubai, Jordon and other Middle Eastern markets also lent useful support. The main Saudi buyer was rather quiet.
The 1.0 mkgs of ex-estate teas that came up for sale, met with a mixed, but fair interest with brighter and better leaf teas making gains of Rs 5 to Rs 10 on average.
The below best and plainer teas lost a similar margin, with buyers following quality closely. Nuwara Eliya BOPs were firm to irregularly lower with BOPFs appreciating by Rs 5 to Rs 10. With the expected Uva season to commence shortly, a few buyers have shown some interest in sourcing the few bright invoices on offer. CTC PF1s appreciated Rs 15 to Rs 20 and more from all elevations. There was good demand from the tea bag sector and Russia, whilst UK, Japan and continental buyers too lending some support.
Western Teas
Select Best BOPs advanced Rs 5, other good invoices were firm to easier, Below Best sorts declined Rs 5 to Rs 10, plainer varieties eased by a similar margin and more.
Select Best BOPFs advanced Rs 5 to Rs 10, other good invoices were firm to Rs 5 dearer, Below Best sorts shed Rs 5, plainer varieties were irregularly lower. Select Best Medium BOPs were firm to Rs 5 dearer. BOPFs shed Rs 10 to Rs 15 on average.
Nuwara Eliya Teas
Brighter BOPs were firm, others declined Rs 5 to Rs 10. BOPFs advanced Rs 10 to Rs 15 on average.
Uva Teas
BOPs shed Rs 5 to Rs 10 and more, whilst the BOPFs were firm to Rs 10 easier. Udapussellawa BOPs declined Rs 5 to Rs 10. BOPF too were Rs 10 easier.
CTC Teas
Low grown PF1s advanced Rs 10 and more as the sale progressed. BP1s were firm to dearer. High and Medium PF1s advanced Rs 10. BP1s were irregularly dearer.
Low Growns
Fair demand. Select Best OP1s eased Rs 10 to Rs 15, however the Best types met with good demand and maintained last levels, Below Best and poor sorts tended lower by Rs 5 to Rs 10 and more following quality.
Select Best BOP1s were fully firm to irregularly dearer, a range of improved Below Best types gained Rs 5 to Rs 10, balance were irregular.
Teas at the lower end, particularly the stalky varieties tended lower by Rs 5 to Rs 10. Select Best OP/OPAs were irregularly dearer by Rs 5 to Rs 10, the Best types too were firm to Rs 3 to Rs 5 dearer, Below Best and poor types were irregularly lower by Rs 5 to Rs 10.
Select Best Pekoes eased Rs 5 to Rs 10, the Best and Below Best types were mainly firm, however the flaky varieties declined Rs 5 to Rs 10. Shotty Pekoe1s shed Rs 10 to Rs 20, Best and Below Best types were firm on last levels, however the flaky types were barely steady.
A few select Best BOPs advanced Rs 10, Best types were easier by a similar margin, Below Best types were also lower by Rs 5 to Rs 10, poor sorts were firm. Select Best and Best BOP SP were firm, Below Best types eased Rs 5 to Rs 8, poor types were also lower by a similar margin.
Select Best and Best FBOPs advanced Rs 5 to Rs 10, Below Best types gained Rs 10, poor sorts moved up Rs 5 to Rs 10. Select Best FBOPF1s were slightly lower to last, however the Best and Below Best types moved up Rs 5 to Rs 10, poor sorts were firm. Select Best Tippy varieties met with good demand and sold at attractive levels, Best types were irregular to last, Below Best and poorer sorts declined on last levels.
Off Grades
Select Best liquoring FNGS1s depreciated Rs 5 to Rs 10, whilst Below Best and others were lower by an average of Rs 15 and more at times.
Select Best and Best BMs declined by Rs 5 to Rs 10 from last levels whilst the poorer BMs too were lower by Rs 10 to Rs 15. All clean BPs were firm to dearer by Rs 5 to Rs 10, whilst the poorer sorts declined by Rs 5. to. Rs 10 and more at times.
All Low grown FNGS declined by Rs 10 to Rs 15 and more. Select Best BOP1As were firm to dearer by Rs 10, whilst the Best were firm on last levels, Below Best and poorer sorts, however shed Rs 5 to Rs 10 and more at times.
Dust
Select Best Dust1s were firm, improved Dust1s in the Best and Below Best category gained Rs 5 to Rs 10 whilst the balance declined Rs 10 to Rs 20. Clean secondaries shed Rs 10 to Rs 15, whilst the poorer sorts were firm, Best Low Grown Dust/Dust1s maintained last levels, whilst the balance declined Rs 5 to Rs 10. John Keells Tea Market Report
source - www.dailynews.lk
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