Tea auctions this week

Wednesday, 12 February 2014 00:00 - - {{hitsCtrl.values.hits}}

By Forbes and Walker Tea Brokers Sale No. 06 was concluded this week with offerings totaling 7.3 M/kgs. Ex-Estate offerings comprised of 1.0 M/kgs. Quality on offer from the Western regions were mostly irregular and lower to last, hence the high priced BOP/BOPFs of last week were mostly lower. A fair selection of teas that retained useful levels of quality were however fully firm. Plainer clean leaf sorts too were mostly firm.

Nuwara Eliya BOPs were mostly dearer, whilst the corresponding BOPF’s were lower. Offerings from the Uva/Udapussellawa region too did not show any appreciable change with quality being mostly uninteresting. Consequently, most BOP/BOPFs declined in value. Here again a limited selection of BOP/BOPFs which maintained leaf and liquor were firm. Well made CTC’s met with good demand and were mostly firm, others however declined following quality. The liquoring leafy varieties too were mostly irregular with high priced teas being lower to last. A limited selection of clean leaf sorts however maintained last levels. CIS operated on a fair cross section of teas, whilst South Africa, UK and the Continent together with Japan were active this week. Low Growns comprised of approximately 3.3M/kgs in the Leafy/Tippy catalogues this week. There was fair demand. In the Leafy catalogue a select range of well made OP1s maintained, others and BOP1s were lower. A range of better OP/OPAs too maintained, here again most others were lower. At the lower end however there was good demand and prices were mostly firm to dearer. Better PEK/PEK1s were irregular with the exception of a few below best sorts that maintained. At the lower end too prices were mostly lower. In the Tippy catalogue too FBOP/FF1s were mostly lower. At the lower end with the exception of a few clean leaf sorts that maintained, others were lower. Well made Tippy invoices sold around last levels. Others were mostly lower to previous. Shippers to CIS, Dubai, Iraq, Kuwait, Turkey, together with Saudi Arabia were active this week.