Restricted demand for Low Growns at Colombo Tea Auction

The Colombo Tea Auction this week saw 5.03 million kg of tea on offer with 1.74 million kg of High and Mid Grown Main Grades and the rest were Low Grown Main Grades.

But Low Growns met with restricted demand, the Asia Siyaka Market Report stated in releasing their market comment for this week’s auction.

While the Leafy Grade catalogues select best and best OP1s were firm; others lost out in value. OPs declined in value all-round. Select best and best OPAs were lower, while the others gained in value. In the Semi Leafy catalogues select best BOP1s were firm; others met with lower demand. Pekoe’s were firm on last week’s levels.

In the Tippy Small leaf catalogues select best and best FBOP1s were firm; others were irregularly lower.

There was fair general demand in the Ex-Estate catalogues, but buyers were more selective. Better Western BOPs were irregularly lower by Rs.100 to Rs.200 but few sections were fully firm to dearer by Rs.50 on special inquiry. BOPFs lost Rs.50 to Rs.100 all round.

Stylish Medium BOPs declined in value. Better CTC PF1s were mostly firm on last; liquoring teas opened firm to Rs.50 dearer but eased towards the close. Select best BP1s appreciated in value; others were irregularly lower. (SD)