Ex-estate teas meet fair demand

Ex-estate teas comprising one Mkgs on offer met with fair demand. Western High Grown BOP's were irregular and was somewhat disappointing. The BOPF's on the other hand commenced irregular and appreciated as the sale progressed. The few Nuwara Eliya BOP's were firm to a little easier whilst the BOPF's were marginally dearer continuing to sell above Rs 400 up to Rs 420. Uva BOP's and BOPF's were lower to last week following quality with the top price for the sale being Rs 600 and Rs 520 respectively. CTC PF1's were well received with High and Medium invoices being Rs 5 to 10 dearer on average and Low Grown types appreciating Rs 10 to Rs 15. A number of invoices sold above Rs 500.

There was good demand from the tea bag sector and Russia, whilst Japan and Continental buyers were active following quality.

Three to five Mkgs of Low Grown that were on offer this week, met with wide spread demand at improved price levels. In the leafy category. Pekoes which moved up Rs 20 to Rs 30 in the last two weeks saw a slight correction in the market with prices settling down around Rs 410 - Rs 420 range. BOP1/OP1s continued quite strong particularly for the Below Best varieties. OPAs too met with a fully firm market with the exception of the Select Best where prices at times gained several Rupees. In the Small Leaf category FBOPs led the way with price increase of upto Rs 20, whilst FF1s too advanced in value. The Best Tippy varieties met with a lower market, however Below Best and poorer sorts maintained previous weeks levels. All in all it was another good sale for the Low Growns. The Weekly Sale Average for Orthodox Low Grown teas is expected to be above Rs 400 level.

Russia and Iran purchased quite strongly, whilst there was better demand from Saudi Arabia. Syria, Jordon and Iraq also lent useful support.

Western Teas

Select Best BOPs declined Rs 5 to Rs 10, other good invoices were firm, Below Best and plainer sorts maintained last levels. Select Best BOPFs were firm to dearer, other good invoices gained Rs 5 to Rs 10 on average, Below Best sorts were firm, and gained Rs 10 as the sale progressed, plainer varieties were irregularly lower. Medium BOPs were irregular, whilst BOPFs gained Rs 5 to Rs 10.

Nuwara Eliya Teas

BOPs were Rs 5 lower. BOPFs gained Rs 5 to Rs 10 on average.

Uva Teas

A few bright BOPs sold well on special inquiry, whilst most others declined Rs 10 and more. Brighter BOPFs sold well on special inquiry, others gained Rs 10 on average. Udapussellawa BOPs advanced following quality. BOPFs were Rs 5 dearer.

CTC Teas

Low Grown PF1s gained Rs 10 to Rs 20. BP1s were firm to Rs 5 easier. A few High & Medium PF1s gained substantially following special inquiry, others were firm. BP1s declined Rs 5 to Rs 10.

Low Growns

Good demand. Select Best OP1s were firm to Rs 5 to Rs 10 dearer, Best and Below Best types advanced Rs 10 to Rs 15, poor clean varieties too were dearer by Rs 5 to Rs 10. Select Best BOP1s appreciated Rs 10 to Rs 15 and more at times, Best and Below Best types were irregularly dearer by Rs 5 to Rs 10, poor types were steady. Select Best OPs advanced sharply by Rs 20 to Rs 30, however the balance were steady.

Select Best OPAs maintained last levels, the Best and the Below Best types were irregularly lower by Rs 5 to Rs 10, poor stalky varieties declined Rs 5 to Rs 10 and more at times. Select Best Pekoes appreciated Rs 10 to Rs 20, however the bold Pekoe varieties commenced fully firm but declined Rs 10 to Rs 20 and more as the sale progressed, flaky types too tended lower by Rs 5 to Rs 10. Shotty Pekoe1s eased Rs 10 to Rs 20, the Best types too declined Rs 5 to Rs 10, Below Best and poor sorts were irregularly lower by a similar margin. Select Best and Best BOPs advanced Rs 5 to Rs 10, Below Best and poorer types too moved up by a similar margin. Select Best and Best BOPSP maintained last levels, Below Best and poorer types tended a little irregular.

Select Best and Best FBOPs continued to meet with strong demand and advanced Rs 10 to Rs 20 and at times more towards the close of the sale, Below Best and poorer types gained Rs 10 to Rs 15.

Select Best and Best FBOPF1s advanced Rs 10 to Rs 20, Below Best and poorer types gained Rs 5 to Rs 10. Select Best and Best Tippy varieties were slightly lower to last, however price levels continued to be attractive, Below Best and poorer sorts were lower to last.

Off Grades

Select Best liquoring Fngs1s were irregularly dearer by Rs 5, while the Best and the Below Best depreciated Rs 10, poorer sorts were lower by Rs 5 to Rs 10. All BPs sold at last levels. Select Best and Best BMs were irregularly dearer by Rs 10, Best and the Below Best types depreciated Rs 10, poorer sorts were lower by Rs 5 to Rs 10. All Low Grown Fngs were irregularly lower by Rs 5. Select Best BOP1As were lower to last by an average of Rs 15, whilst Best and Below Best BOP1As were lower by Rs 15 to Rs 20, poorer sorts were lower by Rs 15 to Rs 20 and more at times.

Dust

Improved demand. Select Best Dust1s appreciated Rs 5 to Rs 10. Improved teas in the Best and Below Best category gained Rs 15 to Rs 20, whilst the poorer sorts were firm. Clean secondaries appreciated Rs 10 to Rs 15, whilst the Below Best types were firm, poorer sorts declined Rs 5 to Rs 10. Best Low Grown Dust/Dust1s were firm, whilst the balance advanced Rs 5 to Rs 10.

source - www.dailynews.lk