Unseasonal weather which on more than one occasion produced extremely heavy rainfall has so far not enabled estates in the Western region to produce teas with seasonal character.
It would appear that the overall quality from this sector will be disappointing, unless there is an immediate change in the weather.
In the meantime weather conditions on the Eastern sector which experienced heavy rainfall at the commencement of the month has abated, with much brighter weather being reported.
However the unusually heavy rainfall has taken a heavy toll on crop intakes with some factories shutting down operations and diverting leaf to other factories for economic reasons.
The 1.1 mkgs. of Ex Estate teas on offer met with fair demand. A few bright Western BOP and BOPFs sold well on special inquiry, whilst the others were barely steady. Nuwara Eliya BOP and BOPFs were selectively dearer with excellent demand for FBOP and Pekoe1s.
Uva BOPs were firm, where as the BOPFs were marginally lower.
Low Grown CTC PF1s were Rs 20 lower whilst the High and Medium PF1s advanced Rs 10 There was improved demand for the brokens.
The 3.4 mkgs. of Low Growns on offer this week met with widespread demand. It is evident that the unrest in the Middle East and also North Africa has not affected the tea purchases at the Colombo Auctions. In the Leafy category the bold Pekoes appreciated quite sharply with most Syrian and Russian buyers bidding strongly.
The OP and OPAs too continued its bullish trend.
The top end of the BOP1 and OP1s saw a slight market correction, whilst the Below Best and stalky varieties maintained previous levels. In the small leaf category FBOP and FBOPF1s once again met with better inquiry with prices appreciating marginally, however the Tippy sorts shed several Rupees.
There was excellent demand by Russia, Iran, Iraq, Libya and Syria, whilst Dubai, Jordon, Saudi Arabia and Middle Eastern markets too lent useful support.
After the heavy rains that were experienced in the Low Grown planting districts the weather has changed from one extreme to another with very hot and humid conditions being experienced.
Crop intakes have not shown any significant improvements, hence the volumes on offer for the future auctions would not see any drastic changes.
Western Teas
A few select Best BOPs sold well on special inquiry, other good invoices were barely steady, Below Best and plainer varieties declined Rs 5 to Rs 10.
A few Select Best BOPFs sold well on special inquiry, other good invoices declined Rs 10, Below Best and plainer varieties were firm to irregular.
Medium BOPs were irregularly dearer. BOPFs were barely steady.
Nuwara Eliya Teas
A few bright BOPs and BOPFs advanced Rs 10, others were firm irregular.
Uva Teas
BOPs were firm whilst the BOPFs were marginally lower. Uda Pussellawa BOPs and BOPFs were firm to irregular.
CTC Teas
Low Grown CTC PF1s declined Rs 15 to Rs 20 BP1s were firm to easier. High and Medium PF1s advanced Rs 10 BP1s gained Rs 15 to Rs 20.
Low Growns
Fair demand. Select Best OP1s declined Rs 5 to Rs 10, Best types too were lower by Rs 10 to Rs 20, Below Best and poor sorts were firm to Rs 5 to Rs 10 lower at times.
Select Best BOP1s were firm to Rs 5 to Rs 10 dearer, however Best types declined sharply by Rs 20 to Rs 30, Below Best and poor sorts eased Rs 10 to Rs 20 Select Best along with the Best OPs appreciated Rs 5 to Rs 10, Below Best and poor sorts maintained last levels. Select Best OPAs were irregularly dearer by Rs 5 to Rs 10, however the Best types were irregularly lower by Rs 5 to Rs 10, Below Best and poor sorts were firm. Select Best Pekoes gained Rs 10 to Rs 20, the balance too were dearer by Rs 5 to Rs 10.
Shotty Pekoe1s shed Rs 20 to Rs 30 following quality, however the Best and Below Best types were irregularly dearer by Rs 5 to Rs 10, poor types were firm. Select Best and Best BOPs moved up Rs 5 to Rs 10, Below Best types were firm, poor types gained Rs 5 to Rs 10.
Select Best and Best BOP. SPs maintained last levels, Below Best types shed Rs 5 to Rs 10, poor types were barely steady. Select Best FBOPs maintained last levels, Best and Below Best types were irregularly lower to last by Rs 5 to Rs 8, poor types gained Rs 5 to Rs 10. Select Best FBOPF1s maintained last levels, Best and Below Best types were lower by Rs 5 to Rs 8, poor types gained Rs 5 to Rs 10 Select Best tippy varieties maintained last levels, Best and Below Best types were lower to last, poor types were barely steady.
Off Grades Select Best and Best liquoring FNGS1s depreciated Rs 10, Below Best and poorer sorts eased by Rs 10 to Rs 15. Select Best and Best BMs appreciated Rs 10, Below Best and poorer sorts were firm to dearer by Rs 10. All BPs were irregularly dearer by Rs 5.
All Low Grown FNGS appreciated Rs 10 to Rs 15 and more at times. Select Best BOP1As were firm to dearer by Rs 10 to Rs 15, Best and Below Best were firm on last levels, poorer sorts however was easier by an average of Rs 5 and more at times.
Dust Select Best Dust1s were firm. Best and Below Best Dust1s appreciated Rs 10 to Rs 15 at the commencement of the sale but declined Rs 5 to Rs 10 during the closing stages, poorer sorts were firm.
Clean secondaries maintained last levels whilst the balance gained Rs 10 to Rs 15.
Best Low Grown Dust and Dust1s gained Rs 10 to Rs 15 whilst the balance too gained Rs 15 to Rs 20.
source - www.dailynews.lk
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