Colombo Tea Auction makes gains this week

Business

The Colombo Tea Auction saw 5.58 million kg of tea on offer this week with 2.45 million kg of Low Grown Main Grades and 1.93 million kg of High and Mid Grown Main Grades, the Asia Siyaka Tea market report stated.

In the Leafy and Semi Leafy catalogues few select best BOP1/OP1s maintained, whilst others and best varieties declined substantially. Teas at the lower end maintained. Select best FBOPF1s gained, whilst corresponding FBOPs maintained.

Best/improved below best varieties were fully firm to dearer. In the Premium Flowery catalogues, well-made very tippy teas appreciated substantially, whilst poorer sorts were easier.

Improved demand was seen at this week’s ex-Estate auction. Western BOP/BOPFs with improving seasonal quality gained Rs.50 to Rs.100 and more on special inquiry; below best and other BOPs were firm to slightly dearer and the BOPFs gained Rs.20 to Rs.50. Nuwara Eliya BOPs were firm to dearer and the BOPFs were dearer. (SD)

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