Last week’s 1.26 mkgs of Ex Estate teas met with lower demand with prices for both BOP/BOPFs in the Western High Grown category declining Rs 15 to Rs 20 and more for most of the invoices on offer.
Nuwara Eliya’s continued to meet with very poor demand with a fair weight remaining unsold.
Uva’s with some seasonal quality met with improved demand and sold well on special inquiry.
Others were barely steady. Best Low Grown CTC PF1s were mostly firm, whilst others along with High and Medium types were firm to a little easier.
There was selective buying from Russia and the Tea Bag sector, whilst UK, Japan and Continental buyers operated following quality.
The 3.5 mkgs of Low Growns that were on offer last week met with lower demand with prices for most grades declining on previous weeks levels.
The only exception was the well made BOP1s/OP1s and may be the Tippy varieties which held firm.
The devaluation of the Russian Ruble would have had some impact on prices at last week’s Colombo Auction.
The weather in most Low Grown planting districts continued dry with only moderate crops being harvested.
Western Teas
Select Best BOPs declined Rs 15 to Rs 20, other good invoices declined by a similar margin and at times more, Below Best sorts were firm to dearer, plainer varieties were firm. Select Best BOPFs shed Rs 20, other good invoices eased Rs 20 to Rs 30 on average, Below Best sorts declined Rs 5 to Rs 10, plainer varieties were firm. Medium BOPs declined Rs 15 to Rs 20. BOPFs were Rs 5 to Rs 10 lower.
Nuwara Eliya Teas
BOPs were firm to Rs 10 easier with a fair volume remaining unsold. BOPFs declined Rs 10.
Uva Teas
Bright BOP/BOPFs sold well on special inquiry, others declined Rs 10. Uda Pussellawa BOP/BOPFs declined Rs 10.
CTC Teas
A few select Best PF1s were firm, others declined Rs 10. BP1s gained Rs 10. High and Medium PF1s were firm to marginally easier. BP1s were irregular.
Low Growns
Fair demand but at lower levels. Select Best along with the Best OP1s maintained last levels, however the Below Best and poorer sorts eased Rs 5 to Rs 10. Select Best BOP1s shed Rs 5 to Rs 10, Best types were firm to Rs 3 to Rs 5 dearer, Below Best and poorer sorts were irregularly dearer by Rs 5 to Rs 10. Select Best OP/OPAs declined Rs 40 to Rs 60, Best types too were lower by Rs 10 to Rs 15, clean Below Best and poor sorts were dearer by Rs 3 to Rs 5, others were firm. Select Best and Best Pekoes shed Rs 10 to Rs 15, Below Best and poorer sorts were irregularly lower by Rs 5 to Rs 10. Shotty Pekoe1s were steady, however the balance tended lower by Rs 5 to Rs 10. Select Best BOP/BOP. SPs eased Rs 5 to Rs 10, Best and Below Best types declined by a similar margin, poorer sorts shed Rs 10. Select Best FBOPs were lower by Rs 10, Best and Below Best types declined Rs 5 to Rs 10, poorer sorts were lower by Rs 10. Select Best and Best FBOP1/FBOPF1s were lower by Rs 10, Below Best types shed Rs 5 to Rs 10, poorer sorts too eased by Rs 10 per kg. Select Best Tippy varieties were firm, however the Best and Below Best types shed Rs 20 to Rs 30 and at times more whilst the poorer sorts too were lower to last.
Off Grades
Select Best and Best liquoring FNGS1s were lower by Rs 5 to Rs 10, whilst the Below Best and poorer sorts depreciated Rs 20 and more at times. Select Best and Best BMs were lower by Rs 5, whilst the Below Best and poorer sorts sold at firm levels.
All Low Grown Fngs depreciated Rs 20 and more at times. All BPs appreciated by Rs 20. Select Best BOP1As along with the Best declined Rs 10 to Rs 20 and more as the sale progressed, Below Best and poorer sorts too were lower by a similar margin.
Dust
Select best Dust1s declined Rs 10 to Rs 15, a few Dust1s in the Best category appreciated Rs 5 to Rs 10, whilst the Below Best and poorer sorts declined Rs 10 to Rs 15 and more towards the end. Clean secondaries were firm whilst the balance shed Rs 10 to Rs 15. Best Low Grown Dust/Dust1s were firm whilst the balance shed Rs 5 to Rs 10.
source - www.dailynews.lk
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