In the background of the limited availability and the continued decline in volumes, there was improved, widespread demand at this week’s Colombo tea auction, the Forbes & Walker tea report stated.
Ex-Estate offerings declined to 0.6 million kg from a 0.8 million kg the previous week. There was strong demand for teas in the Below Best and Plainer categories.
In the Ex-Estate catalogues, Best Western BOP’s were mostly firm with only a few select invoices gaining Rs.50-100 per kg following special inquiry.
In the Below Best category, coloury BOP’s gained Rs.100-200 per kg, whilst the corresponding BOPF’s gained Rs.80-100 per kg and more for select invoices.
The limited availability of Nuwara Eliya BOP/BOPF’s continued to sell well at very attractive levels. Uva/Uda Pussellawa BOP’s – select high priced teas of last week were Rs.20-40 per kg lower, whilst the others sold around last week’s levels.
High and Medium Grown CTC – BP1s were irregular. PF1s – High Growns were Rs.20-40 per kg dearer, whilst the Medium Growns – select coloury sorts were Rs.50-100 per kg dearer. Others were firm and dearer to a lesser extent. Low Grown CTC – BP1’s gained up to Rs.100 per kg, whilst the PF1S gained Rs.100-200 per kg.
Low Growns comprised 2.2 million kg in the Leafy/Semi Leafy and Tippy catalogues. There was improved demand and the market continued to appreciate further. Well-made teas together with cleaner secondary types appreciated, whilst the balance were easier following good quality. Shippers to Iran, Russia and Turkey continued to operate aggressively.
Off-Grades and Dust varieties too were dearer by Rs.30-50 per kg and more. (Sunimalee)
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