Tea auctions this week

Friday, 25 May 2018 00:00 - - {{hitsCtrl.values.hits}}

By Forbes and Walker

Tea Brokers

The 20th sale of the year, which concluded yesterday, had a total of 7.93M/kg on offer.

There was fair demand mostly at easier rates. Ex-Estate offerings were fairly large and totalled 1.5M/kg. Better Western BOPs declined by Rs. 20-30 per kg and more for last week’s high priced teas. The corresponding BOPF had on offer a few select invoices which gained substantially whilst the majority declined by Rs. 20-40 per kg and more following quality.

In the below best category, a selection of BOPs gained Rs. 20-40 per kg following special inquiry whilst the corresponding BOPF declined up to Rs. 50 per kg. Plainer BOPs were irregular whilst corresponding BOPF - clean leaf teas up to Rs. 50 per kg easier, others Rs. 20-30 per kg easier.

Nuwara Eliyas too were mostly lower following quality. Uva/Udapussellawa BOP/BOPF declined by Rs. 20-50 per kg. CTC teas were also lower by Rs. 20 per kg and more. Liquoring leafy teas continued to be neglected.

A salient feature of the sale was the strong demand for the limited availability of BOPs which are now commanding a premium of Rs. 30-50 per kg over their corresponding BOPF in most instances. It would also be relevant to note the bottom of the market for BOP/BOPF, which has settled between Rs. 500 and Rs. 520 per kg, is in keeping with the corresponding levels of last year. Notwithstanding, approximately a 5% depreciation of the SLR.

Low Growns totalled 3.1M/kgs in the Leafy/ Tippy catalogues. There was fair demand at lower levels. In the Leafy catalogue, a limited selection of well-made BOP1/OP1s maintained whilst others were irregular and lower. OP/OPAs too were generally lower by Rs. 5-10 per kg and more, particularly where quality was not maintained. Select best PEK/PEK1s were firm whilst others were barely steady.

In the Tippy catalogue too, a select range of well-made FBOP/FF1s maintained while others were mostly lower. At the lower end too prices were generally lower to last by Rs. 10-15 per kg and more for the teas that did not maintain leaf style.

In the Premium catalogue, a select range of well-made teas maintained whilst others were mostly lower to last. There was good demand from shippers to CIS, Turkey, Saudi Arabia, Iraq, Libya and Dubai.

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.